Saturday, August 18, 2012

Zakat on Platinum Jewelry

Question:
Zakat has to be paid if one possesses gold or silver. Does it have to
be paid if one possesses platinum jewelry, pearls or diamonds? How is
zakat calculated in this case?
Answer:
In the Name of Allah, Most Merciful & Compassionate
Zakat isn�t due on platinum jewelry. In termsof jewelry, Zakat is only
obligatory on gold and silver .

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