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News Nisab of Zakat al Maal Reviewed

Nisab of Zakat al Maal has reviewed and changed to MVR6961.50 by ministry from 09th December 2020. Previously, since 09th December 2020 to 08th December 2020 th

From Ministry of Islamic Affairs




Nisab of Zakat al Maal has reviewed and changed to MVR6961.50 by ministry from 09th December 2020. Previously, since 09th December 2020 to 08th December 2020 the Nisab was set as MVR 4950.40.

In Maldives, Nisab is calculated using the price of Silver in the market. Moreover the price of Silver is announced by the central Bank of Maldives, MMA. Most Recent price of a gram of Silver is MVR11.7 and the Nisab in Silver is 595grams.