My mother has some gold that she is saving for my two sisters when they grow up. Is there zakah on it?
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Question:
My mother has some gold jewelry that she does not wear, but she is saving it for her sisters when they grow up. Is there zakah on this gold?
Answer:
Yes, there is zakah on this gold because it is not being used, but rather it is being prepared for a need. Therefore, zakah is due on it. One must pay out one-quarter of a tenth of its weight if it reaches the nisab (minimum threshold). If it reaches the nisab or more, the nisab for gold is twenty dinars, which is approximately twenty and a half Saudi riyals. By weight, in grams, it is ninety-two grams. If the jewelry reaches this amount, and if its weight reaches this amount or more, then it is subject to zakah if one pays out the equivalent of one-quarter of a tenth when the lunar year (hawl) is completed.
My mother has some gold jewelry that she does not wear, but she is saving it for her sisters when they grow up. Is there zakah on this gold?
Answer:
Yes, there is zakah on this gold because it is not being used, but rather it is being prepared for a need. Therefore, zakah is due on it. One must pay out one-quarter of a tenth of its weight if it reaches the nisab (minimum threshold). If it reaches the nisab or more, the nisab for gold is twenty dinars, which is approximately twenty and a half Saudi riyals. By weight, in grams, it is ninety-two grams. If the jewelry reaches this amount, and if its weight reaches this amount or more, then it is subject to zakah if one pays out the equivalent of one-quarter of a tenth when the lunar year (hawl) is completed.
Source
قناة «العلامة الدكتور صالح الفوزان»، والدتي لديها بعض الذهب تحفظه لأختاي عندما تكبران فهل عليه زكاة؟ الشيخ صالح بن فوزان الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.