Prayers & Duties >> Zakat & Charity
Question ID: 43299Country: India
Answer ID: 43299
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 122/108/N=1434) Yes, if that gold is equal to nisab (i.e. you possess some currency extra from necessary needs of life from debt or in case of silver the value of gold is equal to the silver nisab) and it is free from debt then on the compilation of the year its zakah shall be wajib. فتلزم الزكاة كيفما أمسكهما ولو للنفقة كذا فى الدر (مع الرد كتاب الزكاة 3:186 ط مكتبه زكريا ديوبند).
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India