Zakaah On Gold
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.
ALLAH TA’ALA IN HIS INFINITE KNOWLEDGE KNOWS BEST!
References (Arabic / Urdu sources)
نصاب الذهب عشرون مثقالا فما دون ذلك لا زكاة فيه (الدر المختار و حاشية ابن عابدين)2/295
- Answered by
- Molana Abdul Kader Fazlani
- Checked & approved by
- Mufti Mohammed Desai
Where scholars differ, it’s safer to take the more cautious view.
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Source: Darul Ifta Ibn Masood — https://fataawa.co.za/zakaah-on-gold-2/
Fatawa SA: https://fatawa.co.za/fatwa/ibnmasood-33284
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