FatwaPenangZakat
Fatwa Mengenai Kewajipan Membayar Zakat Emas bagi Pelaburan Emas
Is zakat obligatory on gold investments, and what about profits that are not Shariah compliant?
Short answer
Under the Penang State fatwa, the capital of Shariah-compliant gold investments (physical gold and gold savings accounts) together with its profit is subject to zakat.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Penang State Mufti Department
- Status
- Fatwa committee decision
- Series
- Himpunan Fatwa (Warta)
- Topic
- Zakat
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
Under the Penang State fatwa, the capital of Shariah-compliant gold investments (physical gold and gold savings accounts) together with its profit is subject to zakat. For non-Shariah-compliant investments, the capital including physical gold, gold savings accounts and virtual gold is subject to zakat as zakat on savings, but the profit is not. Profit from non-Shariah-compliant activities must be purified according to the guidelines of the 87th Muzakarah of the National Fatwa Committee held on 23-25 June 2009.
Written in our own words from the original fatwa — check the source before acting on it.
Modal bagi pelaburan emas patuh Syariah yang merangkumi emas fizikal dan akaun simpanan emas serta apa -apa keuntungan daripada pelaburan tersebut wajib dikenakan zakat.
Read the full fatwa on the Penang website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Penang State Mufti Department. “Fatwa Mengenai Kewajipan Membayar Zakat Emas bagi Pelaburan Emas”, date not stated. https://mufti.penang.gov.my/index.php/awam/fatwa-1/himpunan-fatwa#fatwa-mengenai-kewajipan-membayar-zakat-emas-bagi-pelaburan-emas. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/zakat-on-gold-investment-obligation/