Is zakat due on gold after a year has passed since its purchase, or on the same date as the original zakat payment for the cash amount that was converted into gold?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
Gold purchased for trade is subject to at the same time as the money used to purchase it, because money is a price that takes the place of gold and silver, and purchasing it with money does not alter its hawl (zakat year). It is stated in "Al-Mubdi' Sharh al-Muqni'": "And the hawl of some prices builds upon others."
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/192687
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 192687
- Imported
- Translation status
- Source text, unreviewed
- Read the full ruling
- Read the full answer on Ftawy