Zakat on pure silver, silver jewellery, House hold items etc

II. Zakat on pure silver, silver jewellery, House hold items etc.

Zakat is payable on silver in pure form or in the form of jewellery utensils, decorative items and all household items including crockery, cutlery made of silver at the prevailing market rates. For arriving at the value of utensils, and household items 10% of the value is to be deducted as it is not pure silver. Zakat on Jewellery should be paid by the owner of the jewellery. If a woman is the owner of the jewellery and she has no liquid cash, her husband, son or father can also pay the Zakat on her behalf. But if they are also not paying, then the owner should sell part of the jewellery and pay Zakat. If the jewellery is held by two or more persons jointly, then the individual should calculate on his/her share out of the jewellery and pay Zakat on the same if the value of the individual's share exceeds Rs.4,000/-.

Posted in: Zakat