The Nissab of Zakat for the year 1440 of the Hegira fixed at 552,500.00 AD

Algeria-The Ministry of Religious Affairs and Wakfs announced that the nissab of Zakat money and commercial offers for the year 1440 AH was set at five hundred and fifty-two thousand and five Algerian dinars (552,500, 00 DA), said Thursday a statement from the ministry.

Zakat is a quarter of a tenth, or 2.5% of any value that has reached the Nissab at the end of a year, namely money, commercial offers and goods valued at the current selling price on the day Zakat, said the same source.

The nissab of Zakat was calculated on the basis of 20 gold dinars whose weight equals 85gr while the National Agency for processing and distribution of gold and precious metals (AGENOR) set the price of the gram 18-carat gold at 6,500.00 DA


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