{"id":15567,"date":"2024-02-26T20:46:01","date_gmt":"2024-02-26T17:46:01","guid":{"rendered":"https:\/\/old.masarat-sy.org\/?p=15567"},"modified":"2024-03-12T12:13:33","modified_gmt":"2024-03-12T09:13:33","slug":"rulings-and-calculation-of-zakat-on-gold","status":"publish","type":"post","link":"https:\/\/old.masarat-sy.org\/en\/rulings-and-calculation-of-zakat-on-gold\/","title":{"rendered":"Zakat on Gold: Detailed Answers About Zakat on Gold"},"content":{"rendered":"

Zakat, in general, is one of the most important obligations that must be fulfilled by those eligible to pay it, due to its positive impacts on religious and psychological levels, as well as being a source of blessing in wealth and sustenance, and purifying the soul from miserliness and stinginess. God Almighty says: \u201cEstablish prayer and give zakat, and obey the Messenger that you may receive mercy.\u201d This verse is evidence of the ruling on zakat being obligatory.<\/span><\/p>\n

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Today’s article focuses on the zakat on gold due<\/a> to its significance in our noble religion, its quantum, nisab (minimum amount liable for zakat), how to calculate it, its conditions, and how to dispense it, concluding with some common questions on this topic.<\/span><\/p>\n

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Information about the ruling on Zakat on Gold<\/b><\/span><\/h2>\n

What is Zakat on Gold?<\/b><\/span><\/h3>\n

\u00a0Zakat on gold<\/span> falls under the category of monetary zakat because gold and silver were historically used in financial transactions. Gold was used for savings and also as adornment, thus making it subject to zakat. Not paying zakat on it is considered hoarding wealth.<\/span><\/span><\/p>\n

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As narrated in Sahih Muslim, the Prophet Muhammad (peace be upon him) said: \u201cThere is no owner of gold and silver that does not pay what is due on them, except that plates of fire will be prepared for him on the Day of Resurrection so that his sides, his forehead, and his back are branded with them. Whenever these cool down, they are reheated for him on a day that lasts fifty thousand years, until he sees his path, either to Paradise or to Hell.\u201d<\/span><\/p>\n

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Is Zakat on Gold Obligatory?<\/b><\/span><\/h3>\n

\u00a0Zakat on gold is obligatory<\/span>, following the verse: \u201cAnd those who hoard gold and silver and spend it not in the way of Allah – give them tidings of a painful punishment.\u201d Hoarding here refers to not paying zakat on gold, i.e., any gold reaching the nisab without its zakat being paid is considered hoarding, threatened with punishment.<\/span><\/span><\/p>\n

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Ruling and Punishment for Not Paying Zakat on Gold<\/b><\/span><\/h3>\n

\u00a0Legally, withholding zakat and denying it to its rightful recipients is not permissible. God Almighty says about those who withhold zakat: \u201cAnd those who hoard up gold and silver and spend it not in the way of Allah, announce unto them a most grievous penalty. On the day when it will be heated in the fire of Hell and with it will be branded their foreheads, their flanks, and their backs. \u2018This is the treasure which you hoarded for yourselves: taste then the treasure you hoarded!\u2019\u201d<\/span><\/p>\n

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Conditions for Zakat on Gold<\/b>\u00a0<\/span><\/span><\/h3>\n

The most important conditions mentioned in the Sunnah and the Qur’an for zakat on gold are:<\/span><\/p>\n

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