Zakat
Pillars of Islam
Asked on 3rd May 2020
Question
As salaamualaikum sheikh ayaaz.
Hope you are well.
When we are calculating zakat on the gold assets. Shall we do it on present selling price or purchasing price?
Jazakallah khairan.
Answer
Wa'alaykumsalam Wa Rahmatullah.
On the purchasing price. The price that they shows that goes up and down in the market . The price of the gold per gram.
Allah knows best
On the purchasing price. The price that they shows that goes up and down in the market . The price of the gold per gram.
Allah knows best