Is there any Zakat on Diamonds?
Posted: Thu Feb 04, 2021 2:18 pm
Answer:
There is no Zakah on diamonds that are for beautification and wearing. But, if the diamonds are used for business (i.e. buying and selling), and the money is saved for more than one year and the value reaches the Nisab, then Zakah must be paid on them.. The same applies to pearls.
Allah knows best.
Sheikh Mostafa
There is no Zakah on diamonds that are for beautification and wearing. But, if the diamonds are used for business (i.e. buying and selling), and the money is saved for more than one year and the value reaches the Nisab, then Zakah must be paid on them.. The same applies to pearls.
Allah knows best.
Sheikh Mostafa