Zakah on gold
The first question of Fatwa no. 2543
Q: I have a gold shop and I used to pay its Zakah (obligatory charity) every year by recognizing the total weight of the gold and pay 2.5% of its value in Saudi Riyals. Should I pay the Zakah of the year when I calculate the weight of gold or that of the preceding year? Illustrate this for me, may Allah confer mercy upon you!
A: Zakah on gold is paid according to its weight at the time of paying Zakah and when a full lunar year passes.
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'
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