What is the term for the minimum threshold of wealth a Muslim must possess before Zakat becomes obligatory?

Explanation

– Nisab refers to the minimum threshold of wealth a Muslim must possess before Zakat becomes obligatory upon them, ensuring that only those with sufficient means are required to pay this obligatory charity.
– This threshold is traditionally calculated based on specific quantities of gold or silver, or their equivalent monetary value in other forms of wealth.
– For exams, note that Haul refers separately to the requirement that this wealth must be held for a full lunar year before Zakat becomes due on it.