Conditions of Zakah

Q 4: How should we pay Zakah (obligatory charity) on the dollars we have? In other words, what is the amount on which we should pay Zakah? It should be known that, here, we often pay (5) Uqiyyahs (40 Dirhams of silver = 119 grams) as Zakah for each (200) Uqiyyahs we have, knowing that the amount of (200) Uqiyyahs is less than (2) dollars.May Allah accept from us and you our good deeds! May He grant us success to what pleases Him!

A 4: If a person has such an amount of dollars that reaches the Nisab (the minimum amount on which Zakah is due) and a Hawl (one lunar year calculated from the time a property reaches the minimum amount upon which Zakah is due) has passed while it is in one's possession, it is obligatory upon him to pay 2.50% as Zakah on it i.e. he should pay two dollars and a half for each one hundred dollars he has (beyond the Nisab).May Allah grant us success. May Allah's peace and blessings be upon our Prophet Muhammad and his family and Companions!