Home » Hanafi Fiqh » Darulifta-Deoband.com » What is zakah on gold?
Answer
(Fatwa: 1193/995/B=1432)
Yes, it is wajib to give the zakah of gold on the fortieth part of its price. It is mentioned in hadith: do not store the gold otherwise zakah shall consume it, rather invest it in the business so that you can get its benefit.
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband
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