Section II: Fulus and Monetary Charity
Firstly: Ruling of monetary charity [859] Waraq naqdi is paper money: a piece of special paper marked by specific signs, identified by whole numbers, usually equalling a particular metallic standard set by the state. It is issued either by the government or a body licensed by the government, for people to use and exchange. It is given specific names, like the riyal, pound, dinar, dirham, yen, dollar, and euro.
Charity is wajib for money, and this is the decision of the International Islamic Fiqh Academy part of the Muslim World League, the Permanent Committee, chosen by Ibn Baz, Ibn `Uthaymin, and al-Qaradawi.
Secondly: Completing the nisab with money
It is wajib to join money with other valuables and commercial goods upon which charity is payable in order to reach the nisab. This is the decision of the International Islamic Fiqh Academy part of the Muslim World League, the Permanent Committee, and it is chosen by Ibn Baz.
Thirdly: Nisab for money
The nisab for money is the lesser out of the nisab of gold and silver, [860] Meaning, whichever is less valuable out of 595g of silver and 85g of gold is the one used as the nisab for money. and this is the decision of the International Islamic Fiqh Academy part of the Muslim World League, the decision of the Council of Senior Scholars in Saudi Arabia, and the verdict of the Permanent Committee.
feqhia
