How to Calculate Zakat on Gold
Machine translationRead the Arabic original
Question:
My wife has gold that she has not worn for years. Is zakat due on it, and what is the stronger opinion regarding such gold?
Answer:
The criterion is her intention. If she intends to use it, there is no zakat on it, even if she rarely wears it. If her intention is to keep it as a store of value, to hold it for need, so that she can sell it when she needs to, then zakat is due on it. Whatever reaches the end of a lunar year is subject to zakat.
My wife has gold that she has not worn for years. Is zakat due on it, and what is the stronger opinion regarding such gold?
Answer:
The criterion is her intention. If she intends to use it, there is no zakat on it, even if she rarely wears it. If her intention is to keep it as a store of value, to hold it for need, so that she can sell it when she needs to, then zakat is due on it. Whatever reaches the end of a lunar year is subject to zakat.
Source
www.alfawzan.af.org.sa
The Arabic text is copied verbatim from the original source, without any edits.