The zakah on gold stored for years
Machine translationRead the Arabic original
Question:
A questioner says: What about a person who stores gold for years and then sells it? He asks: Is he required to pay its zakah?
Answer:
There is no doubt; every year, once the lunar year of possession has passed, he must pay its zakah. Gold and silver, and paper currency that serves as a substitute for gold and silver, are also the same; their ruling is the ruling of gold and silver. Yes.
The presenter:
May Allah reward you, Honorable Shaykh,
A questioner says: What about a person who stores gold for years and then sells it? He asks: Is he required to pay its zakah?
Answer:
There is no doubt; every year, once the lunar year of possession has passed, he must pay its zakah. Gold and silver, and paper currency that serves as a substitute for gold and silver, are also the same; their ruling is the ruling of gold and silver. Yes.
The presenter:
May Allah reward you, Honorable Shaykh,
Source
شرح كتاب المنتقى من أخبار المصطفى صلى الله عليه وسلم، بداية من باب النهي أن يكون النفع والأجر مجهولا، وجواز استئجار الأجير بطعامه وكسوته — islamhouse.com (1:09:44)
The Arabic text is a machine transcription of the audio recording.