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one must give Zakat on gold based on the current market rate.

Charity and Zakat,Zakat and Syllabus of Zakat,one must give Zakat on gold based on the current market rate.

Fatwa No :
45043
| Date :
2021-04-13
عبادات / زکوۃ و صدقات / زکوۃ و نصاب زکوۃ

one must give Zakat on gold based on the current market rate.

Will the Zakat on gold be given based on the current rate or the price paid for it?Kia gold ke zakat abhi k rate k Hisab sy di Jay ge ya k jis py khareda Tha

الجوابُ حامِدا ًو مُصلیِّا ً

When giving Zakat, the value (of that which Zakat is given on) at the time Zakat is due is taken into consideration. Therefore, one must give Zakat on gold based on the current market rate.

مأخَذُ الفَتوی

کما في الدر المختار: (والمعتبر وزنهما أداء ووجوبا) لا قيمتهما اھ (2/ 297)
وفی حاشية ابن عابدين: (قوله: لا قيمتهما) نفي لقول زفر باعتبار القيمة في الأداء، وهذا إن لم يؤد من خلاف الجنس وإلا اعتبرت القيمة إجماعا كما علمت اھ (2/ 297)

And Allah knows best
محمد ابراہیم چترالی عُفی عنه
دار الافتاء جامعه بنوریه عالمیه

Fatwa No 45043 Verify Now
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