Title: Please tell us about zakah on gold every year?

Question: Please tell us about zakah on gold every year? Is zakah must every year on gold or one time on gold?

Answer ID: 33334Posted on: Aug 30, 2020

Bismillah hir-Rahman nir-Rahim !

(Fatwa: 1193/995/B=1432) Yes, it is wajib to give the zakah of gold on the fortieth part of its price. It is mentioned in hadith: do not store the gold otherwise zakah shall consume it, rather invest it in the business so that you can get its benefit.