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In which currency should I pay zakat on the Gold ? The currency in which itwas bought or the currency in which I amearning.

Answered according to Hanafi Fiqh by Askimam.org

I used to pay Zakat in the month of Ramazan. This time I am in another country for more than a year. Now when I have to pay the Zakat, according to what currency should I pay zakat on the Gold. Do I have to pay in the current currency in which I am getting paid or the currency in which it was bought?

Answer

Zakaat on gold should be calculated according to the currency wherever the
gold is in.

and Allah Ta’ala Knows Best

Mufti Ebrahim Desai
FATWA DEPT.

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This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.

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