Assalam-o-Alikum
What is Zakaah?
Zakaah is the third Pillar of Islam. Obligatory part of Islam. Once the savings (in terms of Gold, Silver, Cash and Trade goods) which is under one's possession for 1 Year reaches the Nisaab, Zakaah is obligatory to be paid.
Nisaab of Zakaah?
The nisaab ( Minimum Threshold of wealth) is 85 Grams of Gold, 595 Grams of Silver or Equivalent Amount of Money.
How Much