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How is zakaat on a gold coin calculated?

Answered according to Hanafi Fiqh by Muftionline.co.za
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Q: How is the Zakaat value on a gold coin calculated? 

Bismillaah

A: Evaluate it at the current selling price of that particular coin.

And Allah Ta’ala (الله تعالى) knows best.

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.

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