The Majlis Archive

Zakaat The Majlis Vol 23 No 07, p.12

Is Zakaat payable on old coins and currency notes?

Question

Is Zakaat payable on old coins and currency notes?

Answer

Zakaat has to be paid on the value of the old coins and currency notes which can still be used as currency. If these coins and currency notes are no longer regarded as valid currency with which to trade, then there is no Zakaat on them. However, if there are also silver coins, then these should be weighed and Zakaat paid on the value of the silver.

View on themajlis.co.za
Published in
The Majlis Vol 23 No 07
PDF page
12

Appears under Questions and Answers (approximate).

Was this page helpful?