Zakat Gold & Silver

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