Question
I have pawned my gold jewellery. Three years have passed and I have not redeemed it. What is the ruling regarding Zakaat on the jewellery?
Answer
There is no Zakaat on the jewellery for the duration it is pawned. After you take possession, Zakaat will become payable, but not for the past years when it was pawned.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 20 No 11
- PDF page
- 12
Appears under FLYER MILES.