Current Nisab as of March 2018
Value of silver (612.36 grams) – $318.42
Value of gold (87.48 grams) – $3734.52
“And be steadfast in prayer and regular in charity: And whatever good ye send forth for your souls before you, ye shall find it with Allah” (Qur’an 2:110)
As a pillar of our faith, Zakat is a necessary means by which we can help alleviate poverty and suffering. If just the top ten richest people in the world paid zakat – a mere 2.5% of their wealth – it would amount to a staggering $10.8 billion! The power of that money in tackling poverty would be huge.
Zakat is not just a duty on those with wealth, but a right that the poor have over us – we are “those in whose wealth there is a recognized right for the needy and the poor” (Qur’an 70:24-25).
Madina Mercy uses your zakat in the most effective way possible to benefit the neediest.