Prayers & Duties >> Zakat & Charity

Question ID: 34988Country: India

Title: My question is on which cost of gold either the cost of today market purchasing rates or on the rates of gold sell I have to pay the zakah

Question: My question is on which cost of gold either the cost of today market purchasing rates or on the rates of gold sell I have to pay the zakah? For example, if I have 10 gm of gold the today's market price is Rs.28000.00 approx. And if I am going to sell this gold the shopkeeper purchases not more than Rs.27000.00. So on which cost of gold I may pay the zakah on Rs. 28000.00 or on Rs.27000.00?

Answer ID: 34988Posted on: Sep 1, 2020

Bismillah hir-Rahman nir-Rahim !

(Fatwa: 1841/1159/D=1432) You will have to pay your zakah on 28000 as per the market rate.

Allah (Subhana Wa Ta'ala) knows Best

Darul Ifta,

Darul Uloom Deoband, India

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Title: My question is on which cost of gold either the cost of today market purchasing rates or on the rates of gold sell I have to pay the zakah

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