It is said that Zakat is wajib if you have the nisab of gold or silver. Preference is not given to the highest nisab. Mawlana Ilyas Patel said:
Since the time of the Prophet (Allah bless him and give him peace) the price of silver has drastically fallen whereas the price of gold has risen. Hence the drastic difference between the current figures for the Nisab of gold and the Nisab of silver. The principle of Anfa�li-Fuqara (what is more beneficial to the poor and recipients) is applied whereby that which is most beneficial to the recipients of Zakat is taken into account by some scholars. Hence the nisab of silver is applied as the standard Nisab.
My question: who are those "some" scholars and what is the view of the madhhab?
Also, what type of silver or gold do you use as a standard measure to calculate the price of the gold?
In Baheshti Zewar is is mentioned about the gold that you actually posess:
However, what if you do not possess any gold or silver that reaches the nisab, what type of gold or silver do you use?If the gold or silver is not pure but has been mixed with another metal, then one will have to check as to which is more in content. If the gold or silver is more, then the rules which are applicable to both will apply here as well. That is, if they equal the nisaab, zakaat will be wajib. If the content of the other metal is more than that of the gold or silver, it will not be regarded as gold or silver. The rules that apply to brass, copper, steel, tin, etc. will also apply to this metal. These rules will be discussed later
If the lowest nisab is taken (i.e. 612 grams of silver), it would also mean that a lot of poor people would not be included amongst those who would receive zakat.
So if you take the nisab of silver, you would end up with 318.33 pounds for sterling silver. According to this website: http://www.silverrecyclers.com/calcu...alculator.aspx
However, there are different kinds of silver. Which one do you take?
If you take the gold price, of for example 9 carat of 87, 479 grams, you end up with 963.09 pounds. According to this website: http://www.scrap-gold-buyers.co.uk/a...arat=9%20carat
But if you take pure gold of 24 carat, the price is double i.e. 24 carat = 29,52 pounds for 1 gram. 87 gram is: 2568.24 pounds.
So have the scholars spoken about which carat should be taken for the gold price?