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The question

Is zakat obligatory on gold if its value reaches that of five silver uqiyyahs, according to those who hold the view that the nisab for silver should be used for zakat?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

If the gold owned is not for trade, then what matters is its weight, and its nisab is 85 grams. However, if it is for trade, then its value matters. If its value reaches the nisab of gold or silver, zakat becomes obligatory on it. This is what Ibn Qudamah preferred. The nisab of silver is 595 grams. The fatwa adopted by us is that, regarding the value for zakat, one refers to what is most beneficial for the poor, between the nisabs of gold or silver.

Summarized from the full answer at Ftawy · imported

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Ftawy
Original fatwa ID
170564
Imported
Translation status
Source text, unreviewed
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