Question
How should Zakaat be paid on old coins which are out of circulation?
Answer
If the old coins are silver or gold, Zakaat will be paid on the current value of the weight of the gold/silver. There is no Zakaat on the old copper/ bronze coins which are no longer in circulation.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 27 No 06
- PDF page
- 6
Appears under THE 15th SHA’BAAN (approximate).