Fatwa Explorer

Fatwa #139966 March 2006Pakistan

Is zakat payable on diamonds..? if not why not?

Question

Is zakat payable on diamonds..? if not why not?

Answer

There is no Zakaat on diamonds as it is a stone. Rasulullah [sallallaahu alayhi wasallam] said, ‘There is no Zakaat on stones.’

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai

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#32502Is zakat payable on sterling silver?
#40454Is Zakat payable upon the gifts we keep aside for our children?
#32551Is zakat payable on sterling silver? How do you find out the value of the sterling silver? How do you pay zakaat on bonds?
#30826Zakat is not payable on the house as the house was not purchased to resell it
#27627Is Zakat payable on the land purchased to build a house on it or with the intention of perhaps selling it later on?
#14631I go by the mid of Ramadhan as my year end for Zakat purposes. I bought a house on Islamic Finance. I have already paid 10% of the price as a booking deposit. I am expected to pay another 12% by end of December 2006.
#6875I made investment in scheme where it is locked for six-years which can only be released by end of six years. Do I have to pay Zakat on this investment before it is released to me.

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