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Zakat On Zaiwarat (Gold Jewelry)
My wife has gold jewelry (Zaiwarat). The PRIMARY and SOLE purpose of that gold jewelry, when it was being acquired/bought was to use it as jewelry; it was NEVER meant to be a financial asset. However, because all of it is made out of gold, it has an inherent value. Also, there is a very small component of thought that this jewelry could be sold as an asset if an emergency financial difficulty arises. However, this jewelry will only be sold as a LAST RESORT, after all other financial means to handle the financial emergency had been exhausted (due to the emotional component attached to that jewelry); it would be the last thing that will be sold out.
That jewelry is ALL in the form of wearable jewelry and none of it is in the form of gold bullions.
Do we have to pay Zakat on this jewelry?
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Zakat On Zaiwarat (Gold Jewelry)
updated 2 weeks, 1 day ago
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