Question

I had a zakat query - So far I have been paying zakat by : 1. Weighing the total gold I have 2. Calculating its cash value by multiplying the weight by the market value per gram 3. Taking 2.5% of the total cash value and paying it as zakah However this year I want to pay by actually selling off my gold. I want to know if the zakah will be : a) 2.5% of the total gold weight. (so suppose I have 100 gms of gold, I will remove 2.5 grams of it as zakah and then sell it) OR b) 2.5% of the total cash value of the gold based on its weight. The two are different in India, because when you try to sell the gold jewelry, the jeweler pays you less than market value per gram.

Answer

It is sufficient to do method a. Calculate 2.5% of the gold in weight and either give the gold or sell it and give the cash. The answer was checked with a Mufti.

And Allah knows best.

Ask Alimah Team

Note: The rulings giving herein are based on the religious rulings of the Islamic Law and do not have any implications on the Law of the Country. The rulings given hereunder are specifically based on the question posed and should be read in conjunction with the question. AskAlimah.com site bears no responsibility to any party who may or may not act on this answer. AskAlimah.com site being hereby exempted from loss or damage howsoever caused. This answers may not be used as evidence in any Court of Law without prior written consent of the web site.

Share :