How Should A Person Who Has Gold In Different Grades Of Fineness Calculate His Zakat?
How should a person who has gold in different grades of fineness calculate his zakat?
Fine difference of gold is not important in calculation of the amount of nisab. Because regardless of its fine, it is considered as gold. In this regard, even if there is gold in different fines, it is subject to zakat as long as the total weigh of all gold types reaches to 80.18 gr and meets other conditions. However, in this situation, zakat of gold with different fines is given at the rate of 1/40 (2.5%) by calculating each fine according to its value (Kasani, Bada’i, II, 20).
Source: Presidency Of Religious Affairs The Turkey, High Board of Religious Affairs FATWA
