The nisab is the minimum value of wealth one must possess in order to pay Zakat. It is defined as the value of 87.5g of pure gold or 612g silver. Most scholars favour the lower value as it means that more people can pay Zakat and therefore there are more beneficiaries.
Gold Nisab
£4773.51
(87.48g)
Silver Nisab
£386.17
(612.36g)
“And establish prayer and give Zakat, and whatever good you put forward for yourselves – you will find it with Allah.”