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The Nisab of gold is 87.48 grams (or 7.5 tolas or 3.087 ounces). If someone possesses gold equal to or exceeding this amount, and it has been in their possession for one lunar year, Zakat becomes obligatory at 2.5% of its value.
Zakat is not obligatory on diamonds, pearls, and other precious stones as such. However, if they are purchased for the purpose of business, then Zakat must be paid on them. If jewelry is made from gold or silver, Zakat is due on the gold and silver content.
Yes, someone who is legally responsible to pay Zakat can pay through monthly instalments throughout the year, with the intention of paying Zakat. When lunar year comes to an end, Zakat should be calculated, and whatever remains outstanding should be paid off. In similar fashion, outstanding amount can also be paid through instalment.
Zakat is one of the five pillars of Islam. It is an obligatory act of charity, requiring Muslims who meet specific wealth criteria to donate 2.5% of their qualifying wealth annually to help those in need. Zakat purifies wealth and helps redistribute resources to support the less fortunate in society.
Yes, intention is required when paying Zakat. The intention should be made at the time of separating the Zakat amount or at the time of giving it to the recipient or to a legitimate Zakat collection organization.
The Nisab of silver is 612.36 grams (or 21.6 ounces). If someone possesses silver equal to or exceeding this amount, and it has been in their possession for one lunar year, Zakat becomes obligatory at 2.5% of its value.
The Nisab of gold is 87.48 grams (or 7.5 tolas or 3.087 ounces). If someone possesses gold equal to or exceeding this amount, and it has been in their possession for one lunar year, Zakat becomes obligatory at 2.5% of its value.
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