Zakaat on Gold, Silver and Other Precious Metals

July, 2011

• 2 July

  Zakaat on Gold and Silver

  Q: How will zakaat be paid on gold and silver? Similarly will one take the workmanship in consideration when calculating one’s zakaat on gold and silver jewellery? A: If a person possesses that amount of gold or silver which equals the nisaab i.e. 87,479g of gold or 612,36g of silver, …
• 2 July

  Nisaab amount of Gold and Silver

  Q: What is the nisaab amount of gold and silver? A: If a person possesses gold to the weight of 87,48g or silver to the weight of 612,36g, then zakaat will be fardh. نصاب الذهب عشرون مثقالا والفضة مئتا درهم كل عشرة دراهم وزن سبعة مثاقيل (الدر المختار 2/295) ليس …
• 2 July

  Zakaat on precious stones besides gold and silver

  Q: Is zakaat compulsory upon platinum, gems, rubies, diamonds, sapphires, etc? A: Zakaat is not compulsory on all precious stones besides gold and silver, unless they were purchased with the intention of resale. (لا زكاة في اللآلىء والجواهر ) وإن ساوت ألفا اتفاقا ( إلا أن يكون التجارة ) والأصل …