How to Pay the Zakah of Jewelry
Machine translationRead the Arabic original
The second question of Fatwa No. ( 3020 )
Q2: How do I pay the zakah on my jewelry? I bought the gold for three thousand a year ago, but its value has doubled today. Do I pay the zakah based on the purchase price or the current price of gold?
A2: You must pay the zakah on the gold jewelry you possess based on its price on the day the lunar year of possession has completed and the zakah becomes obligatory, not based on its price on the day of purchase. And success is from Allah, and may Allah send prayers and blessings upon our Prophet Muhammad, his family, and his Companions.
Q2: How do I pay the zakah on my jewelry? I bought the gold for three thousand a year ago, but its value has doubled today. Do I pay the zakah based on the purchase price or the current price of gold?
A2: You must pay the zakah on the gold jewelry you possess based on its price on the day the lunar year of possession has completed and the zakah becomes obligatory, not based on its price on the day of purchase. 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.