17 Jan 2025
Common Jewellery Zakat Myths
There are many misconceptions about Zakat on jewelry. Correcting these myths ensures you pay Zakat correctly.
Clear, evidence-led guidance to help you understand Zakat and make confident decisions—step by step.
Understand the basic concept of zakat so that you can fullfil your obligations with confidence and without doubt.
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Zakat is the third pillar of Islam, a mandatory act of worship that purifies wealth and supports the community.
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Zakat exists to purify wealth and create a just society. It is a command from Allah with deep spiritual and social benefits.
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Not everyone must pay Zakat. You must meet four specific conditions before Zakat becomes obligatory.
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Zakat becomes due after you have held qualifying wealth above nisab for one full lunar year.
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Your Zakat goes to eight specific categories of people. The Quran defines exactly who can receive it.
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Zakat and Sadaqah are both forms of giving in Islam, but they are fundamentally different. One is obligatory, the other is voluntary.
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Nisab is the minimum amount of wealth you must own before Zakat becomes obligatory. It is based on the value of gold or silver.
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The nisab can be calculated using gold or silver. The two values differ significantly, and your choice affects whether Zakat is due.
Learn which types of wealth are subject to zakat and how to assess them accurately.
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Not all wealth is subject to Zakat. Islam defines specific types of wealth that must be included in your calculation, and others that are exempt.
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Cash and savings are the most common forms of zakatable wealth. If you have money in the bank or at home, it is likely subject to Zakat.
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Shares, stocks, pensions, and cryptocurrency are zakatable if they meet certain conditions. Zakat applies to modern wealth just as it does to traditional assets.
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Property and business assets are zakatable if they are held for profit. Your main home and personal belongings are exempt.
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Debts can reduce the amount of Zakat you owe, but not all debts are treated the same way. Understanding the rules helps you calculate correctly.
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All cash and money in bank accounts is counted when calculating Zakat. This includes current accounts and savings accounts.
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Foreign currency is zakatable. Convert its value to your local currency on your Zakat date and include it in your calculation.
Understand how debts and liabilities affect your zakat calculation and what can be deducted.
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Debts can reduce the amount of Zakat you owe, but not all debts are treated the same way. Understanding the rules helps you calculate correctly.
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Zakat calculation treats short-term and long-term debts differently. Know the difference to calculate accurately.
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Long-term debts like mortgages and student loans are treated differently. You cannot deduct the full amount when calculating Zakat.
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Immediate debts are obligations you must pay within the next year. These can be deducted from your zakatable wealth.
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Student loans (in the UK) are usually not deductible because repayment depends on income and they may be written off. Scholars differ on this.
66 articles
17 Jan 2025
There are many misconceptions about Zakat on jewelry. Correcting these myths ensures you pay Zakat correctly.
17 Jan 2025
Scholars differ on whether worn jewelry is zakatable. Understanding the different views helps you make an informed choice.
17 Jan 2025
Gold stored in another country is still zakatable. The location of your wealth does not affect your Zakat obligation.
17 Jan 2025
If you own both gold and silver, calculate the value of each separately and add them together to determine if you are above nisab.
17 Jan 2025
Inherited jewelry is zakatable once you have owned it for one full year. The fact that it was inherited does not exempt it from Zakat.
17 Jan 2025
Gold kept as an investment or inheritance is definitely zakatable, even if you never wear it.
17 Jan 2025
Valuing gold and silver correctly is essential for accurate Zakat calculation. Use current market prices on your Zakat date.
17 Jan 2025
Silver is zakatable, just like gold. If you own silver above the nisab threshold for one year, Zakat is due.
17 Jan 2025
Scholars differ on whether jewelry is zakatable. The majority view is that Zakat is due on gold and silver jewelry, even if worn regularly.
17 Jan 2025
Gold is one of the most important categories of zakatable wealth. Zakat is due on gold you own if it meets certain conditions.
16 Jan 2025
Many people make simple errors when calculating Zakat on cash. Avoiding these mistakes ensures your Zakat is correct.
16 Jan 2025
Scholars differ on whether children must pay Zakat. The majority view is that Zakat is due on a child's wealth if it reaches nisab.