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1.0 ZAKAT ON SILVER
1. There is no charity [obligatory] on any [silver]less than 200 dirhams.
[200 dirhams corresponds to19.69 troy oz and 612.36g.]
2. Then, if it is 200 dirhams, and a [lunar] years passes over it, 5 dirhams are are due for it.
3. There is nothing due on the excess until it reaches 40 dirhams, and then 1 dirham is due for it.
[Similarly] for every 40 dirhams, there is 1 dirham [due].
Abu Yusuf and Muhammad said : Whatever exceeds 200 [dirhams] its zakat is in proportion.
4. If the silver is dominant in silver coins, then their ruling is that of silver. But, if alloy is dominant then their ruling is that of trade goods, and its reaching nisab is taken into account.
2.0 ZAKAT ON GOLD
1. There is no zakat [obligatory] on any gold less than 20 mithqal.
[20 mithqal corresponds to 2.81 troy oz and 87.48g.]
2. Then, if it is 20 mithqal, and a [lunar] year passes over it, then half a mithqal is due for it.
3. Then, for every 4 mithqal, 2 qirat [are due].
There is no charity [obligatory] on any [gold] less than 4 mithqal according to Abu Hanifah.
4. There is zakat due on raw gold and silver, [as well as on] jewelry and vessels [made] of them.
3.0 ZAKAT ON GOODS
1. Zakat is obligatory on trade goods, whatever they may be, if their value reaches the nisab of gold or silver; one assesses it based on whichever of the two is more beneficial for the poor and destitute.
2. If the nisab is complete at teh two ends of the [lunar] year, then its dropping in between that does not waive the zakat.
3. The value of goods is added to gold and silver.
Similarly, gold is added to silver in value in order to reach the nisab, according to Abu Hanifah. Abu Yusuf and Muhammad said : Gold is not added to silver by value, but it is added by parts.
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