The Zakah of the Two Currencies and the Evidence for Its Obligation

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Question:
May Allah reward you. Also, from the questions of the listener Abu Muhammad, he says: What is meant by the zakah of the two currencies? And what is the evidence for the obligation of zakah in them?

Answer:
The Shaykh: Allah the Exalted said:

Take, [O, Muhammad], from their wealth a charity by which you purify them and cause them increase, and invoke [Allah 's blessings] upon them

خُذْ مِنْ أَمْوَالِهِمْ صَدَقَةً تُطَهِّرُهُمْ وَتُزَكِّيهِم بِهَا وَصَلِّ عَلَيْهِمْ

[At-Tawbah 9:103]

And the Prophet (peace and blessings be upon him) said regarding silver, meaning the silver currency, that the rate is one-quarter of a tenth. The same applies to gold if it reaches the nisab (minimum threshold for zakah); it is one-quarter of a tenth. Allah (Exalted and Majestic is He) threatened those who withhold zakah. He said, the Exalted:

And those who hoard gold and silver and spend it not in the way of Allah

وَالَّذِينَ يَكْنِزُونَ الذَّهَبَ وَالْفِضَّةَ وَلَا يُنفِقُونَهَا فِي سَبِيلِ اللَّهِ

[At-Tawbah 9:34]

meaning they do not pay its zakah,

give them tidings of a painful punishment. ⁽³⁵⁾ The Day when it will be heated in the fire of Hell and seared therewith will be their foreheads, their flanks, and their backs, [it will be said], "This is what you hoarded for yourselves, so taste what you used to hoard."

فَبَشِّرْهُم بِعَذَابٍ أَلِيمٍ يَوْمَ يُحْمَىٰ عَلَيْهَا فِي نَارِ جَهَنَّمَ فَتُكْوَىٰ بِهَا جِبَاهُهُمْ وَجُنُوبُهُمْ وَظُهُورُهُمْ هَٰذَا مَا كَنَزْتُمْ لِأَنفُسِكُمْ فَذُوقُوا مَا كُنتُمْ تَكْنِزُونَ

[At-Tawbah 9:34-35]

. Yes. So, the two currencies, gold and silver. Yes, or whatever serves as their equivalent in currencies and paper money. Yes.

Source نور على الدرب - الفوزان - 03/273 — archive.org (1:41)

The Arabic text is a machine transcription of the audio recording.

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