Is Zakaat paid on gold according to carats?

Answer

Zakaat is paid on the weight of the gold which is determined by grams, not carats. Zakaat is paid on the current value of the weight of the gold. The Nisaab of Zakaat for gold is 87. 48 grams. If you have less than this weight of gold, then Zakaat is not payable. However, if besides the gold you have other Zakaat assets as well, e.g. silver and cash, then you have to add the value of the gold to the other items, and pay Zakaat on the total amount.

Example: Your gold is less than the Nisab and is valued at R 5,000 Cash on hand

R10,000 Silver

R 3,000 R18,000 Less debts

R 6,000 R12,000 Zakaat is payable on R12,000 in this example.