DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Valuing gold in Asian jewellery for Zakat calculation

**werkeeque** · 06-11-2012, 09:51 PM

I have posted a thread in the Islam Q&A - Hanafi Fiqh forum, I am unable to post the link since the forum limits posting of URLs.

The thread is called Valuing gold for Zakat calculation - Average price or Period end price and it is thread number 88891.

As well as receiving answers to my query I was linked to Askimam Fatwa 17114 (again unable to post direct link), an important point is mentioned on that answer so I am reposting here

Any gold or silver items such as jewelry, ornaments etc will also form part of Zakatable assets. If the percentage of gold or silver in the item is more than the metal alloy with which it is amalgamated the entire item will be considered as gold or silver. If the percentage of alloy is greater, if there is enough gold or silver where it is possible for it to be extracted, then Zakāh will be compulsory only on the value of the gold or silver therein and not on the entire item if the Nisāb is reached.

So that means as long at the item is 12 Karat (eg 50% Gold being 12/24) or above the full weight is regarded as Gold (Hanafi fiqh), in my case all the Gold items I am quite sure are over 12 Karat gold since they are standard Indian subcontinent tailor made gold items and as the brother amr123 has mentioned

In India commonly used Gold for Jewellery is 22 Carat Gold.

amr123 for your help, I have resolved my queries regarding Zakat for myself and my family.

06-11-2012, 09:51 PM	#7
werkeeque Join Date Oct 2005 Posts 577 Senior Member	I have posted a thread in the Islam Q&A - Hanafi Fiqh forum, I am unable to post the link since the forum limits posting of URLs. The thread is called Valuing gold for Zakat calculation - Average price or Period end price and it is thread number 88891. As well as receiving answers to my query I was linked to Askimam Fatwa 17114 (again unable to post direct link), an important point is mentioned on that answer so I am reposting here Any gold or silver items such as jewelry, ornaments etc will also form part of Zakatable assets. If the percentage of gold or silver in the item is more than the metal alloy with which it is amalgamated the entire item will be considered as gold or silver. If the percentage of alloy is greater, if there is enough gold or silver where it is possible for it to be extracted, then Zakāh will be compulsory only on the value of the gold or silver therein and not on the entire item if the Nisāb is reached. So that means as long at the item is 12 Karat (eg 50% Gold being 12/24) or above the full weight is regarded as Gold (Hanafi fiqh), in my case all the Gold items I am quite sure are over 12 Karat gold since they are standard Indian subcontinent tailor made gold items and as the brother amr123 has mentioned In India commonly used Gold for Jewellery is 22 Carat Gold. amr123 for your help, I have resolved my queries regarding Zakat for myself and my family.
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