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Assalamoalaikum. Please advise if zakat is payable on diamonds and other gemstones.

Answered as per Hanafi Fiqh by Askimam.org
Answer

There is no zakaat payable on diamonds and other precious stones.

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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