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Atta-ur-Rehman

Does the Shafi'i School of Islamic Law Require Zakat on Gold?

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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

  • Zakat becomes obligatory when the gold reaches 20 mithqals (85 grams).
  • This is based on Imam Shafi'i’s rulings in Al-Umm.

Amount of Zakat Due

  • Zakat is calculated as 2.5% (one-quarter of one-tenth) of the total value of the gold.
  • This is equivalent to half a mithqal for 20 mithqals of gold.

Conditions for Zakat to Be Due

  • Zakat is due after a full lunar year has passed while the gold is in possession.
  • If the gold falls below the quorum (20 mithqals) during the year but later reaches it again, Zakat is not due until another full lunar year is completed.

Methods of Paying Zakat

The Shafi'i school allows two methods to pay Zakat:

  • Direct payment: Pay the Zakat amount from the gold itself.
  • Monetary payment: Calculate the current market value of the gold and pay 2.5% of that value.

Who Must Pay Zakat on Gold?

  • The person must be Muslim.
  • The gold must be owned freely (not as a slave).
  • The person must be the sole owner of the 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!

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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.