gold and silver Archives - IslamQA

Find answers to your Islamic questions 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.

Selling gold plated jewellery

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Q: Is it permissible to sell gold and silver plated jewellery? A: Yes, it is permissible. And Allah Ta’ala (الله تعالى) knows best. البيع ينعقد بالإيجاب والقبول إذا كانا بلفظي الماضي مثل أن يقول أحدهما بعث والآخر اشتريت لأن البيع إنشاء تصرف والإنشاء يعرف بالشرع والموضوع للإخبار قد استعمل فيه فينعقد به ولا ينعقد بلفظين… read more »

Paper currency

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Q: I am reading about the Quran and old Islamic economic system. Is it true that if any country or bank prints paper currency more than gold or silver reserves, it will be ribah or sin? Some Islamic teachers say that paper currency is a fraud because paper currency is more than Gold reserves, and… read more »

Gold remaining valuable till Qiyaamah

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Q: According to Islam, gold and silver are real money? And will gold remain wealthy and precious always in this world before Qayamat?  A: Yes. And Allah Ta’ala (الله تعالى) knows best.   Answered by: Mufti Zakaria Makada Checked & Approved: Mufti Ebrahim Salejee (Isipingo Beach) Source

Giving zakaat for previous years

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Q: My father saves enough money and my mother has jewellery. I know the nisaab for savings, gold and silver. As per the criteria, Zakat is wajib on my parents. Till now, in their entire life they didn’t pay zakat. They did toubah (repented) for not paying it. Now how do they pay zakah for… read more »

Zakat for selling websites

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Assalaamu Alaykum Wa rahmatullah    I run a business by selling websites. I pay a developer to make a site for me and then I list it for sale. My question is that do I have to pay any zakaat on it as it is intangible stock in trade…   … read more »