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The question

What is the criterion for determining the zakat pot for jewelry: Is it based on the purchase price or the price at which zakat becomes due, and is the calculated price the purchase price or the selling price, and is the purchase price for used or new gold?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

According to some scholars, is obligatory on jewelry intended for adornment if it reaches the . However, the majority of scholars hold that there is no zakat due on it. It is preferable to pay zakat on it as a precautionary measure. Zakat is calculated by determining its weight and valuing it at its selling price at the time zakat becomes due. Then, one-quarter of one-tenth (2.5%) of its value is to be given. The nisab for gold is approximately 85 grams.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Source platform
Ftawy
Original fatwa ID
58479
Added here
. This is when the answer was added to El Fatwa, not the fatwa's date.
Text
Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
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Read the full answer on Ftawy