Zakat on gold.
Machine translationRead the Arabic original
Question:
My wife has gold, and it has reached the nisab (minimum threshold for zakah), and a lunar year has passed over it, so zakah is due on it. Is zakah due on gold that is worn and gold that is not worn? And is she sinful if I speak to her about the zakah and she delays?
Answer:
Answer: If the gold is intended for jewelry and adornment for occasions, then there is no zakah on it according to the majority of scholars, and this is the ruling issued in this country until recently by the scholars of this country up to a recent time. They issue the ruling that there is no zakah on it because it is kept for wearing and not for increase. What is not kept for increase but only for wearing has no zakah on it. However, if one keeps this gold for hoarding and need, so that when the price of gold rises, it is sold, this is commercial gold, and there is zakah on it.
My wife has gold, and it has reached the nisab (minimum threshold for zakah), and a lunar year has passed over it, so zakah is due on it. Is zakah due on gold that is worn and gold that is not worn? And is she sinful if I speak to her about the zakah and she delays?
Answer:
Answer: If the gold is intended for jewelry and adornment for occasions, then there is no zakah on it according to the majority of scholars, and this is the ruling issued in this country until recently by the scholars of this country up to a recent time. They issue the ruling that there is no zakah on it because it is kept for wearing and not for increase. What is not kept for increase but only for wearing has no zakah on it. However, if one keeps this gold for hoarding and need, so that when the price of gold rises, it is sold, this is commercial gold, and there is zakah on it.
Source
www.alfawzan.af.org.sa
The Arabic text is copied verbatim from the original source, without any edits.