Question
Is Zakaat payable on old coins which are no longer in use?
Answer
If the old coins are of silver, then Zakaat has to be paid on the silver value. If the coins are of other metal, no Zakaat is payable. There is no Zakaat on the notes which are no longer regarded as currency.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 26 No 02
- PDF page
- 4
Appears under THE MAJLISQ &A P.O. BOX 3393 PORT ELIZABETH (approximate).