Question
I have 20 grams gold and $100 in cash. Do I have to pay Zakaat?
Answer
Yes you have to pay Zakaat on the combined sum of the two items. You have 20 grams of gold and $100 in cash. The value of 20 grams of gold is about $700. Add the $100 cash to the $700 and pay Zakaat on $800.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 20 No 04
- PDF page
- 4
Appears under Questions and Answers (approximate).