How many grams of gold makes one Nisab? etc

[Tabassum07]

1. Like the title says, how many grams of gold makes one Nisaab for zakat?

2. I have gold jewellery which I think makes me nisaab, but I'm not earning, and the amount of cash I have saved from when I worked previously does not equal the nisaab for cash. (How much is nisaab for cash too?). I'm dependent on my parents right now, so how do I pay the zakat for the gold?

3. My parents have a bank account in a different country where they were previously, and right now its under care of my cousin. There is enough money in it to pay zakat, but we can't access the money from here because we have to go over and sign to make the account active again. In short, the money is inaccessible. Do we pay zakat on this?

 

[Tabassum07]

But what if I have 94 grams of gold jewellery, but I don't have any cash to pay the zakat? How do I pay it. Do I sell the gold and then pay from it, or what? Does the person on whom I am dependent pay it?

Another thing is, the jewellery I bought, the shop said that if I sell it back, they will only accept it at 60% of its value. So how does this work with zakat??

 

[ahmed_indian]

3. My parents have a bank account in a different country where they were previously, and right now its under care of my cousin. There is enough money in it to pay zakat, but we can't access the money from here because we have to go over and sign to make the account active again. In short, the money is inaccessible. Do we pay zakat on this?

u can delay it as it is not in ur capacity. but when u can go, sign and make it active, u have to pay zakat.
http://www.islam-qa.com/en/ref/87518

But what if I have 94 grams of gold jewellery, but I don't have any cash to pay the zakat? How do I pay it. Do I sell the gold and then pay from it, or what? Does the person on whom I am dependent pay it?

u have combine ur cash saving frm previous job and gold jewelery. if its above nisab, calculate zakat. u dont have to make nisab for cash separately.

1. if u dont have any cash, then yes u have to sell a part of ur jewellery for zakat.

2. if ur father/husband wants to pay on ur behalf, its allowed. but ur consent that he can pay for you is necessary.they too will get the reward.

 

[ahmed_indian]

I respectfully disagree. In the past, gold was the currency and therefore 2.5% of it was the same as 2.5% of its cash value. In fact, it is strictly prohibited as Riba to trade gold except for gold and when that is done it must be in equal amount, hand-to-hand and face-to-face! In today's world of rampant Riba, merchants buy and sell gold at a premium set by the market, so the whole assumption falls apart.

If our sister so chooses, she can sell her 94 grams of gold at the market and get cash for it. She would end up with less than the Nisaab, so she owes no Zakah.

jazaak Allah khair for information brother. but are you really sure about it? all i heard is if u have 85 gms of gold, pay zakat.

also u told that only she has to pay zakat. but the following site informs that her father or husband can pay on her behalf with her consent.

http://www.islam-qa.com/en/ref/50273/jewellery

 

[Tabassum07]

u can delay it as it is not in ur capacity. but when u can go, sign and make it active, u have to pay zakat.
http://www.islam-qa.com/en/ref/87518

The thing is, my father's account is in a different country, and he hasn't been there for 7 years, and hasn't paid that zakat for that time. His reasoning is that the money is inaccesible, and based on this ruling found here (http://zakat.al-islam.com/def/default.asp?l=eng&filename=def/desc/item1/item2/desc2):

"Full possession implies that the owner should be fully capable of disposing the property without being an object of contest by others. As Zakah is considered a kind of ownership as regards the receiver, the giver must purely own it. Thus, no Zakah is due on the property which is Dimar (that is not fully possessed, due to ignorance of its location or incapability to reach it). Some Companions are reported to have said, "Zakah is not due on a Dimar property, nor on the deferred amount of dower (as a woman cannot dispose of it) nor on the debt owed by an insolvent person." However, in case such kind of property becomes fully possessed, Zakah becomes obligatory on it for one year only, no matter how many years it remained out of reach. "

.. he says that he will only have to pay 1 years zakat when he gets the money. I tried to reason, and just hope he's not sinning.

Okay, and about my gold, the questions were just theoretical, as I have been nisaab for just 1 month and won't be paying zakat till next year, inshallah. BUT, on Eid-ul-Adha, do I now qualify for animal sacrifice, or that too needs to wait till you have been nisaab for a year????

 

[Tabassum07]

Still waiting.

 

[Tabassum07]

The questions were just theoretical, as I have become the owner of this jewellery just 1 month ago and won't be paying zakat till next year, inshallah. BUT, on Eid-ul-Adha, do I now qualify for animal sacrifice, or that too needs to wait till you have been owner for a year????

 

[a_muslimah]

confirm with a sheikh please

assalamu alaikum sis,

i advice that you ask your local sheikh on advise on how to calculate your zakat and any other questions you have realated to it.


As far as my understanding of zakat rules, you do have to pay zakat since you have gold more than the nisab value. Nisab is 85 grams of pure gold. You have more than that, so zakat will be due.


Here are some articles that have some information that you might find useful:

islamqa fatwa ref: 43033

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Question:
Should zakaah on jewellery be based on the price for new gold or used gold?
In zakat, if I have gold do I go to the jeweller and get my gold valued or do I take the market value of gold? The jeweller will give me a lower value for my personal gold because it is second hand whereas the market value will be higher.


Answer:

Praise be to Allaah.

If the gold reaches the minimum threshold at which zakaah becomes due (the nisaab), which is 85 grams, and one full hijri year has passed since it was acquired, then zakaah must be paid on it, by giving one quarter of one tenth of it, or of its value. What is meant by its value is the price for which it would be sold used at the time when zakaah is due. This is usually less than the price for new gold.

Shaykh Ibn ‘Uthaymeen (may Allaah have mercy on him) said: Based on this, a woman should work out the value of the gold that she has, whether that is the price for which she bought it or less, or more, so she should work out its value as used gold then pay one quarter of one tenth, i.e., one in forty, or two and a half riyals out of every hundred, or twenty five out of every thousand, and so on. The way to do that is to divide the value by forty, and the result is what is to be paid in zakaah. In this manner she will discharge her duty and be ransomed from the punishment of the Fire, and nothing will harm her.

He was asked: Is the zakaah of jewellery based on the purchase price or the price each year at the time when zakaah is paid?

He replied: Zakaah on jewellery must be paid each year and cannot be based on the purchase price, rather it must be based on the price when the full year has passed. If a woman buys gold for ten thousand riyals, and when the year has passed it is only worth five thousand riyals, then she should only pay zakaah on five thousand riyals. The converse is also true: if she buys gold for five thousand riyals then when the year has passed it is now worth ten thousand riyals, then she should pay zakaah on ten thousand riyals, because that is the time when zakaah becomes obligatory. And Allaah is the Source of strength.

From Majmoo’ Fataawa Shaykh Ibn ‘Uthaymeen, vol. 18, question no. 18, 58.

And Allaah knows best.


Islam Q&A

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