Yasir Qadhi Zakat Gold Shawaal
Apr 24, 2025
Clear rules on zakat for gold, jewelry, investments and loans are discussed. Practical guidance on making up missed fasts and the six Shawwal fasts is given. Various fiqh topics appear, from witr differences and masah on socks to self-defense and working for interest-based banks. Personal issues include dealing with strict hosts, duties to parents, and signs of an accepted Ramadan.
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Safer Approach Pay Zakat On Women's Gold
- Give zakat on gold if you want the safer opinion and to preserve family harmony; sell the smallest item and pay 2.5% of its value.
- Yasir Qadhi explains majority madhhabs exempt women's worn gold, but Hanafis (and Ibn Taymiyyah) require zakat so paying avoids marital friction.
Calculate Zakat On Long Term Investments As One Third
- Treat long-term mutual funds and passive investments as one-third zakatable and pay 2.5% on that third.
- Day traders who actively buy and sell owe zakat on the full market value instead of one-third.
Gold And Silver Function As Zakatable Currency
- Zakat applies to gold and silver as they historically functioned as currency, while gems and platinum are treated as decorative items.
- Qadhi distinguishes currency-like metals from purely decorative stones like diamonds or emeralds for zakat rulings.