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Nisab

In Sharia niṣāb (نِصاب) is the minimum amount that a Muslim must have before being obliged to zakat. Several hadith have formulas for calculating niṣāb, the most prominent of which declares that No Zakāt is due on wealth until one year passes. Zakat is determined based on the amount of wealth acquired; the greater one's assets, the greater the tax. Unlike income tax in secular states niṣāb is not subject to special exemptions.

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