Paying Zakah on jewelry

Paying Zakah on jewelry The second question of Fatwa no. 3020 Q 2: How can I pay Zakah (obligatory charity) on jewelry? One year ago, I got some gold jewelry for 3,000 pounds, but the value of the jewelry has almost doubled now, should I pay the Zakah according to the purchase price or the current price of gold? A: You must pay Zakah on the gold jewelry that you have according to the current price of gold, after you have had it for a lunar year, if it reaches the Nisab (the minimum amount upon which Zakah is due), and not according to the purchase price. May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions. The Permanent Committee for Scholarly Research and Ifta' Member Member Deputy Chairman Chairman `Abdullah ibn Qa`ud `Abdullah ibn Ghudayyan `Abdul-Razzaq `Afify `Abdul-`Aziz ibn `Abdullah ibn Baz