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zakat on diamonds & pearls

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  • #16
    Originally posted by Zesty View Post
    This should prove to you all that diamonds are worth nothing :p and nothing to get excited about cos we don't even have to pay zakaat on them! This is something the people of the dunya have hyped up, oohhh diamonds.
    Gold is the best investment!!
    Doesn't matter! :inlove: *still mesmerized by the rock on finger * :D
    Screaming, But Will Never Be Heard

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    • #17
      Re: zakat on diamonds & pearls

      Originally posted by GuCcI View Post
      Ok :jkk: brothers

      Flashnazia, I think the man with income coming from the rental properties would still be held accountable for zakat
      Originally posted by truepath View Post
      not scholars. You need to get the correct understanding. If you mean that a man who has given out 10 properties on rent doesn't pays zakat then you are wrong. He will be obliged to pay zakat on the amount of rent that he will accumulate on zakat date

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      • #18
        Rajab is a month of cultivation

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        • #19
          Re: zakat on diamonds & pearls

          Originally posted by Zesty View Post
          Gold is the best investment!!
          True, true, true
          82. Verily, when He intends a thing, His Command is, "be", and it is! 83. So glory to Him in Whose hands is the dominion of all things: and to Him will you be all brought back. Quran surah 36: Ya-sin

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          • #20
            Re: zakat on diamonds & pearls

            Originally posted by GuCcI View Post
            Ok :jkk: brothers

            Flashnazia, I think the man with income coming from the rental properties would still be held accountable for zakat
            He will only be accountable if the accumulated income on Zakat date is equal to or greater than the Nisab value -- It's quite possible that he consumes all the income within the year, in this case he is not liable to pay.

            Plz remember that Zakat is paid on wealth not earning.
            "Europe died in Bosnia and was buried in Syria. Bodies of innocent children washing ashore are the
            western civilization's tombstones"


            Rajab Tayyab Erdogan

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            • #21
              Re: zakat on diamonds & pearls

              bump.
              "Europe died in Bosnia and was buried in Syria. Bodies of innocent children washing ashore are the
              western civilization's tombstones"


              Rajab Tayyab Erdogan

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              • #22
                Re: zakat on diamonds & pearls

                good thread jazakum Allah khair
                Fabi-ayyiala -i rabbikuma tukaththibani
                Then which of the favors of your Lord will ye deny?
                http://www.youtube.com/watch?v=vr8DR8frP_s

                You are not here just to fill space or to be a background character in someone else's movie. Consider this: nothing would be the same if you did not exist. Every place you have ever been and everyone you have ever spoken to would be different without you. We are all connected, and we are all affected by the decisions and even the existence of those around us.

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                • #23
                  Re: zakat on diamonds & pearls

                  you dont pay zakat on gold that you always wear. If you have it saved somewhere meaning its not being worn then you need to pay zakat on it. I dont know about silver, diamonds or pearls. Does anyone else know for sure?

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                  • #24
                    Re: zakat on diamonds & pearls

                    Originally posted by sami_786 View Post
                    you dont pay zakat on gold that you always wear. If you have it saved somewhere meaning its not being worn then you need to pay zakat on it.
                    in Hanafi madhab, we have to pay Zakat on the gold women wear.

                    and to the best of my knowledge, in Maliki-Hanbali-Shafi madhab, one does not have to.
                    Last edited by imran1976; 02-07-13, 03:14 PM.
                    "Europe died in Bosnia and was buried in Syria. Bodies of innocent children washing ashore are the
                    western civilization's tombstones"


                    Rajab Tayyab Erdogan

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