I Sell Gold and Diamonds. How to Calculate the Zakat I Owe?

Answered by Ustadh Tabraze Azam Question: Assalam alaykum We have a jewellery business in which we sell gold and diamonds. How do we calculate Zakat for the inventory of the store and my wife personal jewellery and her diamonds ? Answer: Assalamu alaikum wa rahmatullah, There are two separate considerations here: (1) the zakat on […]

How to Pay Zakat on Jewelry When not Enough Money is Available?

Answered by Shaykh Ilyas Patel Question: As salamau alaikum wa rahmatullahi wa barakatuh, My wife has jewelry. We need to pay zakat on this.  However, I’d like to know how she is actually to pay the value of this (2.5%) if she doesn’t have any money? She does have some money saved up but it’s […]

The Wearing of Silk and Jewelry

Answered by Shaykh Faraz Rabbani Question: I have heard an opinion related to the hadith forbidding gold and silk which states that the reason the Prophet, may peace and mercy of Allah be upon him, forbade us from wearing gold and silk was because they were expensive commodities in that era, as they are now, […]