Zakaat on jewellery is discharged at the market value
Question
When Zakaat is being discharged on gold and silver (jewellery), then will the cost price be taken into consideration or the selling price?
Answer
Zakaat on jewellery (gold and silver) will be discharged at the current market value. This, in simple terms means, that the price at which the jewellery can be sold at the market place, will be the price on which Zakaat will be calculated.
References (Arabic / Urdu sources)
( ويعتبر فيهما ان يكون المؤدي قدر الواجب وزنا —- ولو ادي من خلاف جنيه يعتبر القيمة بالاجماع كذا في التبيين (الفتاوي الهندية ص178ج1
- Answered by
- Mufti Mohammed Desai
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