Should we pay zakaat on the basis of silver or gold ?
Question
The price of silver is very low as compared to the price of gold in our country. Should we pay zakaat on the basis of silver or on the basis of Gold ?
Answer
Zakaat Nisaab should be calculated on the basis of the current price of silver irrespective of the relatively low price of silver.
and Allah Ta'ala Knows Best
Mufti Muhammad Kadwa
FATWA DEPT
- Answered by
- Mufti Muhammad Kadwa
Where scholars differ, it’s safer to take the more cautious view.
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/10010
Fatawa SA: https://fatawa.co.za/fatwa/askimam-10010
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