Based on today’s market value of gold (7/13/2011), the nisab amount in US dollars is $4682.95.

[Taken from http://www.e-nisab.com/]

One is obliged to pay sadaqat al-fitr if one owns nisab hirman al-zakat, i.e., the above amount in any form of wealth aside from outstanding debts and one’s basic personal needs (such as house of residence, clothing, furniture, personal vehicle, etc). [Shurunbulali, Ascent to Felicity]

And Allah knows best.

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