FatwaFederal TerritoriesZakat
Fatwa Berekenaan Dengan Kewajipan Membayar Zakat Emas Bagi Pelaburan Emas
Is zakat compulsory on gold investments, and what applies if the investment is not Shariah compliant?
Short answer
The capital of Shariah-compliant gold investments, including physical gold, gold savings accounts and virtual gold accounts, together with its profits, is subject to savings zakat.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Federal Territories Mufti Office
- Status
- Gazetted
- Series
- Keputusan Fatwa Wilayah Persekutuan (e-Fatwa)
- Topic
- Zakat
Gazette evidence in the source: P.U. (B) 584
WARTA KERAJAAN PERSEKUTUAN
Summary
The capital of Shariah-compliant gold investments, including physical gold, gold savings accounts and virtual gold accounts, together with its profits, is subject to savings zakat. For non-Shariah-compliant investments, the principal is subject to zakat as savings money, while the profit is treated as non-compliant, is not subject to zakat and must be purified. Zakat is due once the gold investment exceeds the nisab and a full year has passed.
Written in our own words from the original fatwa — check the source before acting on it.
Bagi maksud Fatwa ini, pelaburan emas yang melebihi nisab dan genap setahun wajib dikenakan zakat.
Read the full fatwa on the Federal Territories website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Federal Territories Mufti Office. “Fatwa Berekenaan Dengan Kewajipan Membayar Zakat Emas Bagi Pelaburan Emas”, date not stated. https://efatwa.muftiwp.gov.my/fatwa/PUB584%20WARTA%202021%20-%20FATWA%20BERKENAAN%20DENGAN%20KEWAJIPAN%20MEMBAYAR%20ZAKAT%20EMAS%20BAGI%20PELABURAN%20EMAS. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/is-zakat-due-on-gold-investments-shariah-compliant/