Question
On what value should Zakaat be paid for gold coins?
Answer
Zakaat on gold must be on the market value, that is, the price you will pay if you buy it currently. If the Zakaat is paid with gold, e.g. on 40 coins, then one coin should be given as Zakaat.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 28 No 08
- PDF page
- 5
Appears under SHARES ARE HARAAM (approximate).