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  • Zakat On Gold Saved To Buy Land

    Posted by Dr. Tariq Bhat on October 7, 2023 at 4:07 am

    I’ve kept gold with me worth 15 lakh INR. I’ve saved that to buy land in future, may be 4 years later. Will I’ve to pay zakat for that

    Umer replied 1 year, 9 months ago 3 Members · 2 Replies
  • 2 Replies
  • Zakat On Gold Saved To Buy Land

    Umer updated 1 year, 9 months ago 3 Members · 2 Replies
  • Deleted User 8707

    Moderator October 7, 2023 at 6:31 pm

    If you meet the nisab then 2.5% savings Zakat is due once a year on the current total value of all of your assets, unless exempt by the state. This includes cash, gold, land, and everything else that is considered an asset. Additional exemption is for items of personal use, for example, your own residence, automobiles, personal jewelry, etc.

  • Umer

    Moderator October 8, 2023 at 1:31 am

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