FAQ: Zakat On Gold and Silver
Are gold and silver is Zakat?
Gold and silver must contribute to Zakat if sufficient conditions. For silver it includes jewelry or items stored. It is calculated based on the current price of 1 gram of silver. This is based on the Word of God says:
“… And (remember) those who hoard up gold and silver and do not spend (Zakat) in the way of Allah: announce unto them a (reward) Penalty grievous.”
(Surah Al-Touba: verses 34-35)
Similarly, the Hadith, the Prophet of Muslim history, which means:
“No one who has the gold and silver does not perform the zakat, but on the Day of Resurrection his wealth into a few pieces of fire. Once heated, rubbed into the stomach, forehead and back, each time it is reheated cold, at one day old up to 50 thousand years of God providing for all matters relating to the servants. “
(Reported by Muslim)
Is gold stored and used, Zakat?
Gold stored and used must Zakat if sufficient conditions. Gold saved means gold is not used or not used even once a year. Nisab unused gold is about 85 grams. It is zakat of 2.5% of the value of gold held during the event rate is greater than or equal nisabnya.
Gold used (for jewelry) occasionally or continuously in a year is exempted from Zakah on it.However, if it exceeds’ uruf he should be counted with a rate of 2.5% on the value of gold used.Uruf rates of gold in the state is about 800 grams. The values ??are taken into account is the present value of the gold and does not include precious stones or the like.
Do not wear gold jewelry that is Zakat?
Yes, jewelry is worn not subject to zakat as long as it does not exceed the permitted use. In Selangor, the Zakat will be charged if the jewelry is worn to exceed 800 grams.
What nisab zakat of gold and how much that is Zakat?
Nisab zakat is 85 grams of gold. Scholars agree that the gold when there is enough 20 misqal, subject to zakat. Gold zakat rates are rubu ‘al-’usyur one twenty-fourth or two and a half percent (1 / 40 or 2.5%)
How to calculate zakat, if gold inlaid with precious stones or diamonds?
If a small stone, it will be rejected with an estimate of grams per mile of 0:02, while for large stones will be deducted 0.5 grams per mile. Less the total weight of stone, then gold, then the calculated weight.
Do I have to pay zakat on gold jewelry that has been saved and passed down from grandparent?
Yes, gold jewelry stored and must be counted if the inherited condition enough.
I have a few gold chains, but my mortgage to start the business. Is it obligatory to pay zakat on gold chains, which charged that?
Not mandatory except when redeemed Zakat. The count begins on the day redeemed haul.
What Zakat nisab silver?
Nisab zakat of 200 dirhams of silver than or equal to 595 grams
What proof silver zakat?
Word of God says:
“… And (remember) those who hoard up gold and silver and spend it not in Allah, then tell them to pay zakat to them (reward) Penalty grievous.”
(Surah Al-Touba: verses 34-35)
How the calculation of zakat of gold and silver?
Method of calculating zakat gold jewelry (gold, worn)
Zakat is compulsory only gold jewelry should be worn gold weight is equal to or exceeding uruf (800 grams). The method of calculation is: [Scales of gold (grams)] x [price of gold during / g] x 2.5%
Example: Weight of gold owned: 950 grams of gold prices during / g: RM 50
The rate of zakat (gold weight) x (price / gram) x 2.5% : 950 x 50 x 2.5% = RM 1,187.50
Gold zakat calculation method saved
Gold zakat saved only if the weight of gold must be stored is equal to or exceeding uruf (85 grams). The method of calculation is:[Scales of gold (grams)] x [price of gold during / g] x 2.5%
Silver zakat calculation method
For silver (whether used or stored), zakat is compulsory only if the weight of silver is equal to or exceeding uruf (595 grams). The method of calculation is:[Scales of silver (grams)] x [current silver price / gram] x 2.5%
When my mother died, he had left in my gold jewelry. I am eligible to pay zakat, but can not afford to pay for it? Do I have to mortgage half of the jewelry to pay zakat?
Yes, zakat should be paid either use their own money or using money after pawned the gold.
Is gold stored in the bank to Zakat?
Yes, should be regarded as the goldZakat and stored.
My mother has enough gold to conditions mentioned. But he died before zakat.Who is responsible for paying the zakat? From which sources should be used to pay the zakat?
Beneficiaries should pay the zakat paid by the deceased before the real money difaraidkan legacy.
Do I have to pay zakat on gold jewelry that has been saved and passed down from grandma?
Yes, gold jewelry stored and must be counted if the inherited condition enough.
If I had to mortgage a quantity of gold jewelry in the scheme of Al-Rahn, do I have to pay zakat for gold, which charged that?
Not mandatory, because there’s perfect.
Is it necessary for the gold and silver Zakat derived from mining?
Gold and silver from mining nisab must be counted immediately without waiting for the haul (a year Hijri). The rate of Zakat is twenty per cent or one-fifth (20% or 1 / 5).
Should Zakat for gold and silver found in soil, sand or water that is not using mine?
Exempted from Zakah immediately without waiting for the haul (a year Hijri). It has to be removed 20 percent of the total found.
Should Zakat for gold or silver into gold bars or made dishes, trophies, medals, souvenirs, etc.?
Ores of gold or silver ore or gold or silver was melted down and made into ingots, or silver or gold bars have been made jewelry or household appliances such as plates, spoons and others are compulsory Zakat every year if sufficient conditions.
Are gold and silver ornaments worn by men such as watches Zakah coated with gold or silver?
Compulsory wearing of the zakat, if adequate conditions. Permissible for men to wear gold ornaments.
Is white gold Zakat compulsory?
Yes, white gold, yellow gold must Zakat if reached or exceeded 85 grams.
Is gold pound (75 carat) are Zakat?
It is subject to zakat, if sufficient conditions.
I have worn gold. It is not enough to be counted. But if combined with a pawned gold, enough to pay zakat. The question is compulsory for me to pay zakat?
Not subject to zakat because nisab and imperfect gold pawned possessions.
Can I use a powder scale to weigh the gold because gold was afraid to take to counter LZS?
Yes, if the standard is the same as gold scales.
Should Zakat gold teeth?
Not subject to zakat.
What is the backup rate of gold in Victoria uruf used at this time?
Backup based on the study consumers of gold in Victoria. The result has been decided by the Selangor Fatwa Committee after obtaining the consent of His Majesty the Sultan of Selangor, which was gazetted on 23 June 2005.
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