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Yes, the Shafi'i school of Islamic law does require Zakat on gold.
The Shafi'i school of Islamic law mandates Zakat on gold, with specific conditions and calculations:
Minimum Amount for Zakat on Gold
Amount of Zakat Due
Conditions for Zakat to Be Due
Methods of Paying Zakat
The Shafi'i school allows two methods to pay Zakat:
Who Must Pay Zakat on Gold?
Thus, Zakat on gold is due in the Shafi'i school when the gold reaches 20 mithqals and a full lunar year passes while it is in possession.
And Allah knows best!
WRITTEN BY
Atta-ur-Rehman
Atta-ur-Rehman, a specialist in Fiqh from Fazal-Jamiat-ul-Uloom-ul-Shariah, Jama'at ul-Umar Karachi, is an expert in Islamic jurisprudence. His expertise spans various aspects of Shariah, including Zakat, financial rulings, family laws, and ethical guidance in everyday life. With a deep understanding of Islamic principles, he provides a reliable insights into matters of faith, worship, and personal obligations.