New zakat nisab: MVR 19,266

5 days ago

The rate of property zakat was reduced on Thursday, following a recalculation by the Maldives Zakat House based on updated silver market prices. Four months ago, on April 21, the rate of property zakat was increased from MVR 19,527.90 to MVR 21,836.50, the highest nisab ever recorded. With Thursday’s revision, the new nisab has now been set at MVR 19,266.10, marking