Zakat

Following is the Defination of Zakat: “Transferring ownership of an amount of material wealth specified by the Lawgiver to a poor Muslim who is not Hashimi nor their client, without material benefit returning to the giver in any way, for the sake of Allah Most High.” [Tumurtashi, Tanwir al-Absar]Continue Reading…

(1) Zakat is due for land only if at the time of purchase, the buyer has a clear and firm intention of reselling the land itself. Zakat is not due if the land were purchased for any other purpose, nor if the intention of resale at the time of purchaseContinue Reading…

For gold, zakat is due on the market value of the amount of gold one owns at time of the zakat due date. Regarding your specific question, simply estimate the weight of actual gold for your jewellery (you can be “safe” in your estimate by assuming slightly more than yourContinue Reading…