The World Federation One Stop Fiqh

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Do I have to pay Zakat on gold, when i also have a Loan to be paid?


I want to know that i have gold and the zakat due on that total is almost 150000 PKR. However i have loan on myself of almost 350000PKR. I need to know how my zakat will be paid as its difficult for me to manage loan a zakat?


Wa alaykum salaam wa rahmatullah

May Allah reward you for your concern to abide by his shari’ah.
According to Ayatullah Sistani, the zakaat that is obligatory on gold and silver is with the condition that this gold and silver is currently used as a means of currency. He (may Allah preserve him) explicitly therefore states that seeing as how gold and silver is not used in this way anymore, there is no zakaat on it.
Sheikh Kassimali