Wednesday, October 25, 2017

Ruling on the Zakah on precious stones



Q: Is Zakah (obligatory charity) due on diamonds used for adornment?

A: There is no Zakah due on the diamond or pearls used for adornment. When they are used for trading purposes, it is obligatory  to pay Zakah on them. With regard to gold and silver, Zakah is obligatory on them  even if they are used for adornment when they reach the Nisab (the minimum amount on which Zakah is due).

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Source: Fatwaz of Ibn Baz, volume 14, Part No. 14; Page No.123, Chapter on Zakah  on gold and Silver.| https://www.alifta.net/fatawa/fatawaDetails.aspx?languagename=en&View=Page&PageID=2577&PageNo=1&BookID=14