Q: What types of gold and silver are Zakatable?

A: Gold and silver, in whichever form (jewellery, coin, ingots etc.) are subject to Zakat.

The Hanafi school treats all gold and silver jewellery as Zakatable, regardless of whether it is worn or stored.

However, the other schools of Fiqh believe that gold and silver for personal use are exempt from Zakat.

And Allah knows best!

Mufti Faraz Adam