Zakat on a Gold Shop
Machine translationRead the Arabic original
Q2: I have a gold shop, and at the end of every year I take inventory, which includes (cash + broken gold remnants + new manufactured gold). How should I evaluate it and calculate the zakat?
A2: All the gold in the shop, whether old, new, or broken remnants, is valued, and the cash is added to it. The zakat of the total is paid out if it reaches the nisab and a lunar year has passed over it. The amount due is one-quarter of a tenth, whether from the gold itself or from the circulating paper currency that serves as its equivalent. And success is from Allah, and may Allah send prayers and blessings upon our Prophet Muhammad, his family, and his Companions.
...nisab and has been in his possession for a lunar year, and the amount of the obligatory alms is one-quarter of one-tenth, whether it is from gold itself or from the paper currency in circulation that serves as its equivalent. And success is from Allah, and may Allah send prayers and blessings upon our Prophet Muhammad, his family, and his Companions.
A2: All the gold in the shop, whether old, new, or broken remnants, is valued, and the cash is added to it. The zakat of the total is paid out if it reaches the nisab and a lunar year has passed over it. The amount due is one-quarter of a tenth, whether from the gold itself or from the circulating paper currency that serves as its equivalent. And success is from Allah, and may Allah send prayers and blessings upon our Prophet Muhammad, his family, and his Companions.
...nisab and has been in his possession for a lunar year, and the amount of the obligatory alms is one-quarter of one-tenth, whether it is from gold itself or from the paper currency in circulation that serves as its equivalent. And success is from Allah, and may Allah send prayers and blessings upon our Prophet Muhammad, his family, and his Companions.
Source
www.alifta.gov.sa
The Arabic text is copied verbatim from the original source, without any edits.