Answered by Shaykh Amjad Rasheed
Is it permissible for a woman to wear jewelry made out of platinum? If it is permissible, does she have to pay zakat on it?
It is permissible for a woman to wear any type of jewelry, of gold or silver or any precious stone; that is the ruling on jewelry.
As for the prescribed zakat in our school, there is no zakat on minerals except gold and silver. Platinum, as people have informed me, is a mineral other than gold and silver, though some people may call it white gold. There is no zakat on this. If it is gold or silver, then they are minerals which necessitate zakat, as you know, but only in other than a woman’s jewelry that is permissible to wear.
This means that if it is used for adornment without being wasteful and excessive, there is no zakat on it. However, if a woman acquires it to save it [s. as money], then she must pay zakat on it. Likewise, if she uses it for adornment but she is wasteful and excessive in it, such that it is so much that it is not considered adornment and a person would find it distasteful, then one must also pay zakat on it.
Amjad Rasheed
[Translated by Sr. Shazia Ahmad]