Dr. Mufti Syed Ziauddin Naqshbandi Mujaddidi Qadri

Shaykh Ul Fiqh, Jamia Nizamia; Founder - Director

Abul Hasanaat Islamic Research Center

Mufti Maulana Syed Zia Uddin Naqshbandi Quadri

Shaik-ul-Fiqh - Jamia Nizamia

Abul Hasanaat Islamic Research Center

Zakaat - Rules and modern issues

Mufti Hafidh Syed Ziauddin Naqshbandi Qadri,
Professor, Islamic Law, Jamia Nizamia.
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Zakaat of precious stones
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Zakaat on precious stones

 

There is no Zakaat on precious stones like diamonds, rubies, etc. even though they come under jewelry.  No matter how high their value is.  As mentioned in Fatawa A’alamgiri, Vol. 1, Pg. No. 180.

 

However, if these are bought and kept as trading goods, then Zakaat is Compulsory on them if they meet the prescribed criterion and 1 year passes on them.