Zakat nisab raised to MVR 21,836.50

4 days ago

The nisab of property zakat has been increased to MVR 21,836.50, the Maldives Zakat House announced on Tuesday. The nisab is the minimum threshold at which property zakat becomes obligatory on an individual’s wealth. In its statement, the Zakat House said that under the Zakat Act, property zakat in the Maldives is calculated based on the price of silver. Accordingly, the nisab