WHAT IS THE MINIMUM (NISAAB ) OF ZAKAT ?

1 ) The minimum one needs in order to be the owner of Nisaab is:-
a) 87.48 grams of gold or,
b) 612.36 grams of silver, or it's equivalent in cash, merchandise (for sale) or , livestock (see relevant tables for calculating nisaab) or, other income such as rent.

2. ) The minimum must be free from debt and from the basic necessities of life, such as shelter, clothing, household furniture, cattle for personal use, armour and weapons for personal use, books (of scholars), and tools of a craftsman.
3 ) The minimum must be in the possession of the owner for at least one uninterrupted year. If at any time during the year the individual possesses less than this, the year's possession is interrupted, and consequently the obligation of Zakaat falls away. As for the produce of the original minimum obtained within the year, it will be added to the same type of wealth, and Zakaat will be levied on it, on completion of one uninterrupted year for the original minimum. The rule remains the same whether the produce is obtained by trade, inheritance, or by any other means.