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The question

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?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

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

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
192687
Imported
Translation status
Source text, unreviewed
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