Does Zakaat have to be paid on precious stones?
Published as Zakaat On Precious Stones
Question
Does Zakaat have to be paid on precious stones?
Answer
In principle, precious stones and metals besides gold and silver are not subject to Zakah. However, if one has purchased precious stones with the intention of resale, then they will be sucject to Zakah.
References (Arabic / Urdu sources)
ولا زكاة في الجواهر واللآلى إلا أن يتملكها بنية التجارة كسائر العروض
مراقي الفلاح من نسخة حاشية الطحطاوي 391
- Approved by
- Mufti Muhammed Saeed Motara Saheb D.B.
Where scholars differ, it’s safer to take the more cautious view.
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Source: Darul Ifta, Darul Uloom Azaadville — https://www.iftadua.co.za/zakaat-on-precious-stones/14166/
Fatawa SA: https://fatawa.co.za/fatwa/azaadville-14166
Same question, other Darul Iftas
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Mufti Online7 Feb 2012Zakaat on precious stones besides gold and silverIs zakaat compulsory upon platinum, gems, rubies, diamonds, sapphires, etc?
Jamiat KZN7 Jul 2014Zakaat Q&A (1/26)I have a diamond necklace which my husband gave me as a gift. Do I have to pay Zakaat on it ?
Ask Imaam6 May 2003With jewellery, is zakaat calculated on gold only? What about diamonds, silver and other precious metals/stones?