Question
I have trading stock on which I pay Zakaat. I have recently acquired some gold jewellery. A year has not passed. Is Zakaat to be paid on the jewellery as well?
Answer
You have to pay Zakaat on the gold jewellery as well even if a year has not passed. When calculating your Zakaat you have to add together all Zakaat assets which are gold, silver, stock-in-trade and cash. Then deduct any debts and pay Zakaat on the balance.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 28 No 01
- PDF page
- 2
Appears under Questions and Answers (approximate).