Property zakat threshold increased to MVR 21,836.50 as silver‑based valuation rises

The nisab of property zakat has been increased to MVR 21,836.50, the Maldives Zakat House announced on Tuesday.

The nisab is the minimum threshold at which property zakat becomes obligatory on an individual’s wealth.

In its statement, the Zakat House said that under the Zakat Act, property zakat in the Maldives is calculated based on the price of silver. Accordingly, the nisab for cash holdings has been revised to MVR 21,836.50 effective Tuesday.

As property zakat is one of the pillars of Islam, the Zakat House reminded the public that 2.5 percent of eligible wealth must be paid in accordance with Shari’ah rules.

ނިޞާބު ކަނޑައެޅުން: 21 އެޕްރީލު 2026 (03 ذُواْلقَعْدَة 1447)https://t.co/hVIt15h1MZ#zakat #zakathousemv #maldiveszakathouse pic.twitter.com/F612fvw7Cz

— Maldives Zakat House (@ZakatHouseMv) April 21, 2026

Last year, the nisab for property zakat was revised twice. The most recent adjustment was on December 21, when it was raised to MVR 19,527.90. Four months earlier, the threshold had been set at MVR 11,191.95.

According to statistics released by the Zakat House, the highest amount of property zakat collected since its introduction was recorded last year. Figures show that from 2021 through 2025, annual zakat collections exceeded MVR 90 million, with last year’s total reaching MVR 107.21 million.