Zakaat on Platinum and Titanium rings
Question
(Fatwa: #025)
Is there Zakaat on platinum and titanium rings (which have no gold and silver)?
Answer
Muhtaram
السلام عليكم و رحمة الله و بركاته
حامدا و مصليا و مسلما
In the Name of Allah, the Most Gracious, the Most Merciful
We received your query regarding Zakaat on platinum and titanium rings. Our response is as follows:
There is no Zakaat payable on platinum and titanium rings (which have no gold and silver). There will only be Zakaat on such rings if they are kept with the purpose of trade and resale.
And Allah Ta’ala knows best
(Mufti) Muhammad Irshad Motara
24th Ramadhan 1441
17th May 2020
رد المحتار : ج 2-ص 273-سعيد
فتاوى دار العلوم زكريا: ج 3-ص 105
