Yasir Qadhi Epic Community Q&A
Apr 20, 2025
A lively open Q&A covers zakat rules on jewelry, investments, loans and debts. They discuss fasting makeup and the six of Shawwal, masah over socks, and prayer practice differences across schools. Topics include the Isra and Mi'raj, self-defense limits, inheritance complexities, and practical rulings on food, work with banks, and interacting gently over meat standards.
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When Women Should Pay Zakat On Gold
- Do give zakat on gold jewelry if you follow the safer Hanafi position and treat gold as currency even when worn as decoration.
- Yasir Qadhi advises selling the smallest item and paying 2.5% if unsure, noting other madhhabs may exempt worn gold.
Zakat Rule For Long Term Investments
- Do calculate zakat on long-term mutual funds and retirement accounts as one-third zakatable unless you actively trade them.
- Yasir Qadhi recommends 2.5% on one-third of passive investments; day traders pay 2.5% on the full amount.
Why Gold And Silver Are Treated Like Currency
- Insight: Zakat applies to items functioning historically as currency, which is why gold and silver are distinct from gemstones.
- Qadhi highlights gold and silver's historical role as money, unlike diamonds, rubies, platinum, or emeralds.