Zakaah On Gold

Jul 8, 2024 | Zakaat

QUESTION:

If one has only gold jewellery to pay Zakaah on, should he consider the value of the jewellery, or the weight?

ANSWER:

 The Fuqaha have stated that Zakaat is Waajib on gold when one owns 20 Mithqaal (87.48 grams) of gold. This will be the ruling if one possesses only gold and no other Zakaatable assets.

For example, if one possesses 60g of gold valued at R30 000.00, and this is the only Zakaatable asset that he possesses, then he will not be required to discharge Zakaat as 60 grams of gold is less than the gold Zakaat Nisaab.

نصاب الذهب عشرون مثقالا فما دون ذلك لا زكاة فيه (الدر المختار و حاشية ابن عابدين)2/295

ALLAH TA’ALA IN HIS INFINITE KNOWLEDGE KNOWS BEST!

ANSWERED BY:

Molana Abdul Kader Fazlani

Date: 01 Muharram 1446 / 08 July 2024

CHECKED AND APPROVED BY:

Mufti Mohammed Desai

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