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.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 23 No 07
- PDF page
- 12
Appears under Questions and Answers (approximate).