Topics: Charity

Understanding Zakat and Qurbani: Gold Ownership and Obligations

Do You Need to Pay Zakat or Offer Qurbani on Gold?

Question: What is the equivalent of 85 grams of gold in tola? I have three tolas of gold, and a year has passed on it. Should I pay Zakat on it? And does having three tolas of gold require me to offer a sacrifice (Qurbani)?

Answer: 85 grams of gold equals seven and a half tolas. Whoever possesses seven and a half tolas or more (i.e., 85 grams or more) of gold, and a year has passed on it, must pay 2.5% of its value as Zakat. Since you have less than the threshold amount (Nisab), you are not required to pay Zakat. Additionally, Qurbani has no connection with gold or silver. Qurbani is a separate matter and is obligatory for those who can afford to buy the sacrificial animal.

Respondent: Sheikh Maqbool Ahmed Salafi Hafizahullah

Jeddah Dawah Center, Saudi Arabia  

Interpreter: Hasan Fuzail

Author: IslamicHelper

Tags: Zakat
IslamicHelper

Recent Articles

Do Souls Die? Islamic View on Soul’s Fate After Death

Discover the Islamic belief on the soul’s fate after death, its journey through Barzakh, and eternal life in Paradise or… Read More

3 days ago

When to Host Walimah: After Nikah or Consummation?

Explore the Islamic ruling on hosting Walimah after Nikah or consummation, with scholarly views on its obligation and timing. Read More

3 days ago

Why No Qisas for Husayn’s Martyrdom?

Explore why Yazid didn’t take qisas for Husayn’s martyrdom and why no demands were made, uncovering the historical context of… Read More

3 days ago

The Role of Muslim Women in Reforming Society

Discover how Muslim women’s faith and obedience can transform society. Learn key Islamic teachings from the Quran and Hadith Read More

1 week ago

Unveiling the Truth: Hind bint Utbah and Hamza’s Martyrdom

Explore the authentic Sahih al-Bukhari narration refuting claims that Hind bint Utbah ordered Hamza's death Read More

1 week ago

Fajr Prayer: Key to Success in This Life and Hereafter

Explore the profound significance of Fajr prayer in Islam, its immense rewards, and why it's a crucial test of faith Read More

1 week ago