Should I Use the Silver Price from 2018 or Today’s Rate to Calculate Zakat? – Shaykh Faraz Rabbani

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Answered by Shaykh Faraz Rabbani

Question

Should I use the silver price from 2018 or today’s rate to calculate zakat?

Shaykh Faraz Rabbani clarifies whether zakat should be calculated using the silver price from 2018 or the current rate.

Shaykh Faraz Rabbani, a distinguished scholar in the Islamic sciences, is the Founder and Executive Director of SeekersGuidance. He studied under renowned scholars globally for ten years, beginning in Damascus and continuing in Amman, Jordan. Notable mentors include Shaykh Adib al-Kallas and Shaykh Hassan al-Hindi. After completing his studies, Shaykh Faraz returned to Canada in 2007 and established SeekersGuidance, dedicated to spreading reliable, relevant, and inspiring Islamic knowledge online and on the ground.

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