Darul Iftaa Mahmudiyyah

Do I have to pay Zakaat on the gold and silver jewellery?

· 26 Shaʻban 1421 AH1 min readFatwa 1628English

Question

I have gold and silver jewellery to the value of R12,000 and a liability of R28,000.

Answer

If you have other Zakaatable assets besides the gold and silver jewellery, its value should be added to the value of the gold and silver jewellery as well. If the liability of R28,000.00 exceeds the value if the assets there is no Zakaat. However, if there is an excess which is equivalent or more than the Nisaab amount, Zakaat will be payable on the excess only. There is no Zakaat on jewellery except on pure gold and pure silver.

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai

Answered by
Mufti Ebrahim Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/1628
Fatawa SA: https://fatawa.co.za/fatwa/askimam-1628

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