Question
(#025)
Is there Zakaat on platinum and titanium rings (which have no gold and silver)?
Answer
بسم الله الرحمن الرحيم
السلام عليكم و رحمة الله و بركاته
حامدا و مصليا و مسلما
Muhtaram
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
