Zakaat on a diamond necklace
Nasihah (Advice): In many instances, engaging in unnecessary speech results in making inappropriate statements which a person later regrets. Sayyiduna Abdullah Bin Mas’oud (Radiyallahu Anhu) used to say: “I caution you about speaking unnecessarily. A person has already said enough by restricting his speech to necessity.” (Ihyaa’, Vol: 2, Pg: 212)
Question and Answer:
Q. I have a diamond necklace which my husband gave me as a gift. Do I have to pay Zakaat on it ?
(Question published as received)
A. No. There is no Zakaat on precious stones or metals besides gold and silver unless they have been purchased with the intention of resale. If your diamond necklace if for personal use, there is no Zakaat on the diamond itself. However, if the necklace is of gold or silver, Zakaat will have to be paid on the gold or silver content only.
And Allah Knows Best
Mufti Suhail Tarmahomed