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The question

Does zakat become obligatory on the amount returning from the sale of the wife's gold, deposited in an Islamic savings account, if a year passes over it, especially if the wife no longer possesses gold? And does zakat become obligatory on an amount saved for purchasing essential life necessities like a refrigerator, washing machine, and furniture, if it reaches the nisab and a year passes over it, given the current inability to purchase due to the siege? And how is the zakat calculated for gold that was purchased with the intention of saving for $3000, then its value increased to $3500 before the completion of the year on the original amount; is zakat paid only on the original value, or on the total value, or are the profits' zakat separated?

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

Saved money is subject to zakat if it reaches the nisab and a full year has passed on it, whether it is saved for purchasing necessities or as the price of the wife's jewelry. If the jewelry is not intended for use, zakat on its value is due when a year has passed from the time of its possession. If the jewelry is saved for trade, its zakat is due by valuing it at the time zakat becomes obligatory and paying one-quarter of one-tenth of its value, regardless of the purchase price, and its zakat becomes obligatory based on its current value if it has increased.

Summarized from the full answer at Ftawy · imported

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Source platform
Ftawy
Original fatwa ID
104582
Imported
Translation status
Source text, unreviewed
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