Question & Answer
Is there zakat on the gold that has been kept for children especially daughters?

Aoa. I have a question regarding zakat on the gold that has been kept for children especially daughters. If the gold is reserved for children and we do not use, is it exempted from zakat?

Answer:



بسم الله الرحمن الرحيم

We begin with Allah’s blessed name, we praise him and we glorify him, seek his forgiveness and ask him to guide us. Whoever Allah guides, None can lead astray and whoever he misguides, None can guide. There is no power and no strength except from Allah, The most high, the Most great, the most powerful. We bear witness that there is no one worthy of worship but Allah Alone, and we bear witness that Prophet Muhammad (pbuh) is His slave-servant and the seal of His Messengers. We pray for peace and blessings on all the noble messengers and in particular on the last of them all “the blessed prophet Mohammad (pbuh)”

Every believer, regardless of whether man, woman, or child, who has excess wealth (over the nisaab), is liable to pay a 2.5% annual Zakah of their nett excess wealth in Shariah.

Regardless whether the gold is used or not if it is more than prescribed nisaab (7.5 tolas) then the person is liable to pay the obligatory Zakah of 2.5% on their excess wealth which has been in one's possession for a full calendar year. And Allah alone knows the best.

I ask Allah to make this a sincere effort, seeking his pleasure, and I ask him to grant us refuge in him from the evils within ourselves, and that in our deeds. I ask him to grant us success in achieving whatever pleases him; And May Allah Shower His blessings and mercy upon our beloved Prophet Muhammad (pbuh), his family and his Companions and on all those who follow him until the final hour.

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Category:Zakah

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