What is the value of zakat on gold? Purchase price or sale price? 3793485791
Monthly Al Kawthar•zakat-fitra•
Question
At present the buying price of gold is Tk 74,000 and the selling price is Tk 40,000. Now my question is, will I pay Zakat on my gold at purchase price or sale price? 4798643812
Answer
- حامداومصلياومسلما، بسم الله الرحمن الرحيم -
In case of collection of Zakat, the current market price of gold and silver owned by oneself is taken into account. That is, if you sell your ornaments, you have to pay zakat on whatever money you can get. It should be noted that there is not much difference in the buying and selling price of good quality gold. The matter should be thoroughly verified. 3823988744
- والله اعلم باالصواب -
* This Fatwa was translated by Google Translate.
To see the original click here
Source
- কিতাবুল আমওয়াল, আবু উবায়েদ কাসিম ইবনে সাল্লাম, Page: 521
- আবহাছুন ফিকহিয়্যাহ , Part: 1, Page: 42
- ফিকহী মাকালাত, Part: 3, Page: 150
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