What Is Meant By Value Of Gold

Question:

Do we take the cost of gold (alone) into consideration or is the workmanship also included?


Answer:

Only the value and cost of gold is included, workmanship is not included.

(Shami, Vol.2, Pg.297 / Fatawa Hindiya, Kitabu Zakaat, Vol.1, Pg.284)

 

And Allah knows best

Mufti Waseem Khan

Zakaah On Jewellery

Question:

Gold and silver found in jewellery – is Zakaat compulsory in it?


Answer:

Yes, Zakaat is compulsory on jewellery that contains gold and silver.

(Tahtawi, Pg.389 / Shami, Vol.2, Pg.298)

And Allah knows best

Mufti Waseem Khan

Difference In The Value Of The Nisaab

Question:

If there is a difference in the value of the Nisaab, can we just accept the Nisaab of gold or do we have a choice?


Answer:

If one’s wealth has reach any one of the Nisaab, then that Nisaab would be maintained (whether gold or silver). On the other hand, if the savings have reached both Nisaab, then that Nisaab would be maintained which is beneficial to the poor and needy. i.e. the Nisaab that is less.

(Radul Mukhtar, Vol.2, Pg.299 / Hidaya, Vol.1, Pg.196)

And Allah knows best

Mufti Waseem Khan

A Person Who Is Indebted

Question:

What is the Shariat’s ruling regarding a person who is indebted? The debts are to be paid annually at a fixed amount. Would the total indebted amount be taken into consideration thereby preventing him from paying Zakaat or would the annually fixed amount be taken into consideration thereby allowing his annual savings to exceed the Nisaab of Zakaat?


Answer:

There are differences of opinion amongst the Jurists in this regard. Some are of the opinion that such debts prevent one from paying Zakaat, and others are of the opinion that these does not. After due consideration, it can be concluded that the most suitable opinion that would be more precautious and be more beneficial for the poor and needy, is that these debts which are not due do not prevent one from paying Zakaat.

(Bida’a Sana’a, Pg.6, Vol.2 / Fiqhu Zakaah, Pg.102 / Shami, Pg.261, Vol.2 / Imdaadul Fatawa, Pg.9, Vol.2)

And Allaah Knows Best
Mufti Waseem Khan

Institute of Higher Islamic Studies & Secondary Education