Home | *Islamic Rulings | Zakaat on precious stones?

Zakaat on precious stones?

read time: 1 minute
Question and Answer:
Q. Is there Zakaat on precious stones, gems, diamond and expensive ornaments ?

(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. In this case, they will be considered as stock in trade which is subject to Zakaat.

And Allah Knows Best

Mufti Suhail Tarmahomed

Confirmation:
Mufti Ebrahim Desai

Check Also

Intercourse with one’s wife after her menses prior to ghusl

QUESTION I had intercourse with my wife when her menses were just over but she …

Implementing a good or evil practice in Islam

Nasihah (Advice): Implementing a good practice in Islam   Sayyiduna Jareer Radhiyallahu Anhu reports that Rasulullah …