Zakah on Gold and Silver in Retail Stores
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The questioner:
Yes, gold and silver in gold and silver retail stores: is the zakah calculated on them as trade goods, or as... Gold and silver in gold stores: is the zakah calculated on them as trade goods, or as gold and silver based on the value of the currency?
The Shaykh:
Because the zakah is the zakah of gold and silver, the zakah of gold and silver,
The questioner:
Because calculating them as trade goods would result in a higher value.
The Shaykh:
Yes. It is possible to say that the zakah is on the water, but the apparent meaning of the authentic hadiths regarding gold, thus, and silver, thus, indicates that they are subject to the zakah of gold and silver, even if they are adorned. For example, if there are forty mithqals, the zakah of gold is paid, or one hundred mithqals or more, the zakah of gold is paid, and likewise for silver, one hundred and forty dirhams, he said, or more, the zakah is paid. This is the apparent indication of the evidence. The Companions said, thus for silver, and thus for gold. Some scholars limit their statement to saying that they are subject to the zakah of trade goods because their value increases with craftsmanship, but this is not the apparent view. The closest and most apparent view to me is that they are subject to the zakah of gold and silver, just as grains are. If a person has five wasqs, he pays the zakah of grains without looking at their value; he pays the zakah of grains by a portion of them.
Yes, gold and silver in gold and silver retail stores: is the zakah calculated on them as trade goods, or as... Gold and silver in gold stores: is the zakah calculated on them as trade goods, or as gold and silver based on the value of the currency?
The Shaykh:
Because the zakah is the zakah of gold and silver, the zakah of gold and silver,
The questioner:
Because calculating them as trade goods would result in a higher value.
The Shaykh:
Yes. It is possible to say that the zakah is on the water, but the apparent meaning of the authentic hadiths regarding gold, thus, and silver, thus, indicates that they are subject to the zakah of gold and silver, even if they are adorned. For example, if there are forty mithqals, the zakah of gold is paid, or one hundred mithqals or more, the zakah of gold is paid, and likewise for silver, one hundred and forty dirhams, he said, or more, the zakah is paid. This is the apparent indication of the evidence. The Companions said, thus for silver, and thus for gold. Some scholars limit their statement to saying that they are subject to the zakah of trade goods because their value increases with craftsmanship, but this is not the apparent view. The closest and most apparent view to me is that they are subject to the zakah of gold and silver, just as grains are. If a person has five wasqs, he pays the zakah of grains without looking at their value; he pays the zakah of grains by a portion of them.
Source
شرح بلوغ المرام [ ابن باز ] [ الشرح الجديد ]، باب صدقة الفطر — islamhouse.com (1:06)
The Arabic text is a machine transcription of the audio recording.