Those to whom Zakah should be paid, and its due time and Nisab

A: As for the Zakah due on items of wealth, if it is grains and fruits, then Zakah is obligatory upon the time of harvest or reaping. If it is banknotes, commercial commodity, or cattle, then Zakah is due after the passing of a full Hawl (one lunar year calculated from the time a property reaches the minimum amount upon which Zakah is due). Zakah should be paid to the legal recipients stated in the Ayah (Qur'anic verse) where Allah (Exalted be He) says: As-Sadaqât (here it means Zakât) are only for the Fuqarâ’ (poor), and the Masâkin (needy) However, it is permissible to give all the Zakah to only one category of those specified in the Ayah. The Nisab of money is 200 Dirhams (a dirham of silver equals 2.975 grams of silver) of the Islamic Dirhams, which are equal to 140 Mithqal (1 Mithqal = 4.25 grams) of silver. This is equal to 56 of the silver Saudi riyals or what equals them of today banknotes. The amount of Zakah due when the money reaches Nisab is only a quarter of the tenth (i.e. 2.5%), namely, two and half riyals per 100 riyals.May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.