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Is it obligatory to pay zakat on Platinum jewellery and valuable stones?

Answered as per Hanafi Fiqh by Darulifta-Deoband.com
Do we need to pay zakat on Platinum jwellery and valuable stones like daimond?

Answer

(Fatwa: 2512/2066=B/1429)

The zakah is not wajib on platinum jewels, there is no zakah on diamonds too. Yes, if anyone deals in these items he has to pay the zakah of its price after completion of a year if it reaches up to nisab.

Allah (Subhana Wa Ta’ala) knows Best

Darul Ifta,
Darul Uloom Deoband

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

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