Zakah on Old Currency
Machine translationRead the Arabic original
Question:
The questioner says: Honorable Shaykh, a friend of mine, whom I have known for a long time, has a collection of currency from different countries that he has gathered as a hobby. Is there zakah on it?
Answer:
If these currencies are in circulation and have not been abolished, then there is zakah on the currency if it reaches the nisab (minimum threshold for zakah). However, if they have been abolished and he keeps them for the sake of preserving artifacts or what they call collectibles, then if they have value, they are like trade goods; he appraises them and pays zakah on them if their value reaches the nisab. Yes.
The questioner says: Honorable Shaykh, a friend of mine, whom I have known for a long time, has a collection of currency from different countries that he has gathered as a hobby. Is there zakah on it?
Answer:
If these currencies are in circulation and have not been abolished, then there is zakah on the currency if it reaches the nisab (minimum threshold for zakah). However, if they have been abolished and he keeps them for the sake of preserving artifacts or what they call collectibles, then if they have value, they are like trade goods; he appraises them and pays zakah on them if their value reaches the nisab. Yes.
Source
نور على الدرب - الفوزان - 03/060 — archive.org (3:50)
The Arabic text is a machine transcription of the audio recording.