Gold and silver is a precious metal mines God's grace. It was a lot of natural resources beneficial to humans and humans make the exchange of all things. While the laws are likened gold and silver as a natural resource that live and grow. Shari'ah also requires that both can be used in the form of money or pieces of former container, souvenirs, carvings or jewelry.
Zakat compulsory for those who have gold and silver when the nisab and haul a year.
Zakat Calculation Method of Gold & Silver
1. Deposited Gold
Gold means gold is stored not in use even once a year. If gold is stored, is equal to or exceed the nisab (85 grams), then a 2.5% sebnyak Zakah on the value of gold. The value taken is the only gold that does not include precious stones.
Example: Gold is stored or used are not worth RM 4,000 (the current gold), the zakat is about: RM 4,000 x 2.5% = $ 100.
2. The Used, Gold
Gold ornaments worn by women as either an occasional or ongoing basis are not subject to zakat, if it does not exceed uruf (the local application may be permitted). If more than uruf, then it must be issued zakat of 2.5% on the excess of the uruf. Use uruf is widely used by various groups, particularly against the Imam An-Nawawi who hold to the Ash-Shafi `i school. As a guide, at present rates of use in NSW uruf is RM 5,000.
Example: A woman who has to wear gold jewelry and self-worth RM 7,000, the zakat is about: (RM 7,000 - RM 5,000) X 2.5% = RM 2.000 x 2.5% = RM50.
Give Zakat, when to nisab (85gram) and the haul of gold a year.
Other assets are required to charity:
CHARITY PROPERTY
- Zakat Earnings
- Zakat Business
- Zakat Fund
- Zakat Gold & Silver
- Zakat Stock
- Zakat KWSP
- Zakat Pertanian
- Zakat Culture
Thursday, November 25, 2010
Measuring the movement of gold currency
LONDON, 8 November - Chairman of the World Bank, Robert Zoellick called on leaders of the world conomy re-consider the use of gold in the monetary system as a measure of the currency movements. He made the proposal for fear that occur "currency war" in a letter published in the Financial Times.
Zoellick said the system would need to be involved in the dollar, euro, yen, British pound and the enminbi is now traded internationally.
''There will also be considering the use of gold as an international reference for relevant market expectations of inflation, deflation and currency futures,’ he added.
United States (U.S.) is now more consistently criticized China for lowering the value of the renminbi in order to take advantage of export markets.
Following the criticism, China replied back with a print of U.S. $ 600 billion (RM1.8 trillion) of new money while claiming to give the U.S. a competitive advantage.
''If domestic policy is optimal policy for the U.S., but at the same time, it is not the optimum policy for he world, it may bring many negative consequences to the world, ‘according to the Chairman of the Central Bank of China, Zhou Xiaochuan.
China expressed concern over the U.S. Federal Reserve monetary policy will reduce the value of the dollar, causing the country's exports declined.
Following that, China urged to monitor the movement of U.S. dollars during the G20 meeting in Seoul this week.
Gold Standard be marginalized by former U.S. President Richard Nixon in 1971 as the dollar fell sharply against gold.
Gold believed to help deal with inflation, but it is not allowed for a flexible monetary policy, which most economists are claiming it is necessary to deal with economic shocks. – AFP
Zoellick said the system would need to be involved in the dollar, euro, yen, British pound and the enminbi is now traded internationally.
''There will also be considering the use of gold as an international reference for relevant market expectations of inflation, deflation and currency futures,’ he added.
United States (U.S.) is now more consistently criticized China for lowering the value of the renminbi in order to take advantage of export markets.
Following the criticism, China replied back with a print of U.S. $ 600 billion (RM1.8 trillion) of new money while claiming to give the U.S. a competitive advantage.
''If domestic policy is optimal policy for the U.S., but at the same time, it is not the optimum policy for he world, it may bring many negative consequences to the world, ‘according to the Chairman of the Central Bank of China, Zhou Xiaochuan.
China expressed concern over the U.S. Federal Reserve monetary policy will reduce the value of the dollar, causing the country's exports declined.
Following that, China urged to monitor the movement of U.S. dollars during the G20 meeting in Seoul this week.
Gold Standard be marginalized by former U.S. President Richard Nixon in 1971 as the dollar fell sharply against gold.
Gold believed to help deal with inflation, but it is not allowed for a flexible monetary policy, which most economists are claiming it is necessary to deal with economic shocks. – AFP
What is Gold Bar, Gold Coin and Dinar
Gold Bar 999.9 refers to gold. Figure 999.9 shows the purity (purity) gold, which is 999.9%. Gold 999.9 is found in nugget form / bar and a coin / coins. Gold bars / nuggets available in various sizes, 20gm, 50gm, 100gm and 1kg. Gold coin will be available with sizes 1/4oz, 1/2oz and 1oz.
Whether Gold bar / nugget or coin, gold is usually kept for investment purposes. Among the popular Gold Coin in Malaysia is the Kijang Emas Gold Coin. Kijang Emas Gold Coin be available in every state capital of Maybank. Apart from that there is such Gold Coin Canadian Maple Leaf, Australian Nugget, Singapore Lion etc. Gold Coin will be available from selected OUB.
Gold bars are nuggets of popular Pamp Gold, Pamp Suisse, KINE Bar. Can be found with the size of 100gm and of 1gm to 1/2oz and 1oz. Gold bars can be found this nugget of OUB selected.
Gold bar / nugget of local, issued by the Public Gold International (Public Gold) also received today. Public Gold Gold products can be found with the size of 20gm, 50gm, 100gm and 1kg and is available from Public Gold, or sales representatives throughout the country.
You can also get gold bars / nuggets of gold shops are known as Habib Jewel, Kedai Emas Poh Kong Gold Win Poh and may no longer beyond my knowledge.
Kedai Emas Poh Win Habib Jewel and sell gold Pamp Suisse, while Poh Kong Gold issuing its own gold bars called Bunga Raya Gold Bar.
Selling price / purchase of a shop is not the same and the spread is higher when compared with the OUB and Public Gold.
Whether Gold bar / nugget or coin, gold is usually kept for investment purposes. Among the popular Gold Coin in Malaysia is the Kijang Emas Gold Coin. Kijang Emas Gold Coin be available in every state capital of Maybank. Apart from that there is such Gold Coin Canadian Maple Leaf, Australian Nugget, Singapore Lion etc. Gold Coin will be available from selected OUB.
Gold bars are nuggets of popular Pamp Gold, Pamp Suisse, KINE Bar. Can be found with the size of 100gm and of 1gm to 1/2oz and 1oz. Gold bars can be found this nugget of OUB selected.
Gold bar / nugget of local, issued by the Public Gold International (Public Gold) also received today. Public Gold Gold products can be found with the size of 20gm, 50gm, 100gm and 1kg and is available from Public Gold, or sales representatives throughout the country.
You can also get gold bars / nuggets of gold shops are known as Habib Jewel, Kedai Emas Poh Kong Gold Win Poh and may no longer beyond my knowledge.
Kedai Emas Poh Win Habib Jewel and sell gold Pamp Suisse, while Poh Kong Gold issuing its own gold bars called Bunga Raya Gold Bar.
Selling price / purchase of a shop is not the same and the spread is higher when compared with the OUB and Public Gold.
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