Is there a zakat on diamonds or other precious stones?

Is there a zakat on diamond or other precious stones?

Answer:

(Fatwa: 699/504/L=1432)

There is no zakah on diamond or precious stones provided they are not for business:
لا زكوة فى اللآلى والجواهر إلا أن تكون للتجارة (در مختار مع شامي: 3ظ194)

Allah (Subhana Wa Ta’ala) knows Best

Darul Ifta,
Darul Uloom Deoband

Original Source Link

This answer was collected from the official ifta website of Darul Uloom Deoband in India.

Tags: business, Zakaat

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