Is the Zakat Due Date for Gold and Silver Different from Cash Savings?

No, the Zakat due date for gold, silver, and cash savings is not different.

It is determined by the same principle: when the total value of an individual’s wealth reaches the Nisab (minimum threshold). Once a full lunar year (Hawl) passes, Zakat becomes obligatory.

Mixed Assets and Nisab Calculation

If someone owns a mix of assets—such as gold, silver, and cash—the lower Zakat Nisab value (based on silver) is used to determine eligibility.

For instance:

• Gold alone: If only gold is owned, the Nisab threshold for gold (85 grams) is applied.
• Mixed assets: If gold, silver, and cash collectively meet or exceed the silver Nisab value (595 grams of silver), Zakat becomes due.

Paying Zakat on Collective Wealth

When wealth includes various assets:

• The Zakat calculation is done collectively based on their combined value.
• Only one Zakat payment is made, even though the wealth includes different assets.

For example:

If someone owns 50 grams of gold, 300 grams of silver, and cash savings, the combined value is assessed using the silver Nisab. Once the silver Nisab is met, Zakat is calculated on the total zakatable wealth, regardless of the type of assets.

Unified Due Date

The Zakat due date remains the same for all assets once Nisab is met and Hawl begins. Even with mixed assets, the principle ensures Zakat is calculated and paid collectively, not separately for each object.

This unified system simplifies the process and ensures fairness in fulfilling one’s obligation.

And Allah knows best!