After marriage, who pays zakat on gold?

Society Religion & Philosophy
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Since I don’t earn now, i am confused who is supposed to pay the zakat? Is it my husbands responsibility or is it my responsibility to save from what he gives me? Say, I don’t have enough funds to pay the zakat, am i supposed to sell some gold to pay for the zakat.. will that not eventually result in the gold finishing?

Also - in what circumstances is one not supposed to pay zakat?

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Re: After marriage, who pays zakat on gold?

This should help.

How Does A Wife Who Has No Source Of Income Pay Zakat On Her Jewelry? * *

I guess you don’t have to pay from the money your husband gives regularly to you since that money is for your basic needs (clothing, food, make up etc).

Also, you have to have certain amount of gold to pay zakaat (please check with your local mosque). If you have less gold than the fixed amount then you don’t have to pay zakat…but you must pay if it exceeds the fixed limit.

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Re: After marriage, who pays zakat on gold?

Thank You - I have gold above the certain amount so I know I have to pay it. I am asking for circumstances like when one is under a loan etc. sort of conditions in which you don't have to pay.

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Re: After marriage, who pays zakat on gold?

^Ulema have answered this in detail here.

If you have a mortgage, do you have to pay zakat?

This is from Hanafi fiqh point of view.

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Re: After marriage, who pays zakat on gold?

In simple language that is:

Calculate zakatable value of your assets ... Call that Z.
Determine the immediate repayment of the loan for that one year period ... Call that L.

If Z - L < minimum nisab then no zakat is due, else Zakat is due. Zakat = 0.025 * (Z - L)

Example:
Loan repayment is £ 350 per month, so L = £350 * 12 = £4200
Let's say gold asset value is £5000

so zakatable value is £5000 - £4200 = £800

zakat = 1/40th of £800 = £20

long term debt is what is more than 1 year worth of payments.

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Re: After marriage, who pays zakat on gold?

To answer your question it is your responsibility to pay zakat on your own wealth, but it is his responsibility to make sure it happens ... He can of course gift you the cash value that you owe on your gold and that will save you from having to destroy the gold.

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Re: After marriage, who pays zakat on gold?

Hi psyah can you please elaborate on it. I find it very confusing. I thought you had to pay zakat if your good exceeds a certain amount. Also in many instances mortgage or loan repayment has interest on it so how can that deduct from the amount of zakat you have to pay? Also then people who rent can say well we dnt have a home why should we pay zakat when the person with mortgage will eventually be owning their own home.

i dnt have my own income therefore my husband pays my zakat but the gold is basically the only asset.

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Re: After marriage, who pays zakat on gold?

And what is the minimum zakat able asset?

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Re: After marriage, who pays zakat on gold?

Peace Hmmna

You have a point regarding the interest, but since interest is invisible Islamically ... I can only imagine the debt calculation is done on the non interest amount being returned. You need to clarify this with a mufti.

Accordingly that would mean the following:

Let's say Total Mortgage value = £200,000

20 years mortgage at 5% apr is ( 1.05 ^ 20 ) * 200,000 = 2.65 * 200, 000 = £530, 000

ratio is 2 : 3.3 (real: interest)
So if payments are at £500 per month only £189 are paying off real value.

So £189 * 12 = £2268

If total 87.48 g of pure gold is nisab ... This is worth £25.73 * 87.48 = £2251 (zakatable)
The zakat of this minimum amount comes to about £56.3 (@2.5%)

If personal jewellery set contains say ... 220 g of gold at 22 k then convert this weight to find pure gold content.

22k = 91% gold ... So 220g * 0.91 = 200 g

Since 200g is more than 87.48g this is over nisab. So total gold becomes zakatable at 2.5%

However, if there are debts to pay then these debts are paid from savings which then reduces the overall savings amount.

So from the mortgage repayment value for one year above at £2268 ...
Total gold value is 200 * £25.73 = £5146

Subtract two values you get ...£2878

check if this new value is above nisab ... Yes it is ... So then zakat is 2.5% of this .... Which is
about £72

However, let's assume that the gold weight was 180g and not 220g then 0.91 * 180 = 163.8g pure au, total value = £4214.6

minus debts for 1 year

£4214.6 - £2268 = £1946.6 ... Which is lower than the nisab value £2251 ... Despite the original amount being larger therefore there is no zakat to pay.

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Re: After marriage, who pays zakat on gold?

Your own home value and own car is not taken into consideration for asset value. Extra property is taken to account.

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Re: After marriage, who pays zakat on gold?

14k = 58.5% gold
9k = 37.5% gold
18k = 75% gold
21k = 87.5% gold

Most Pakistani 22k is between international standard 21k and 22k so it is fair to round down the 22k of 91.6% to just 91% if it comes from Pak.

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Re: After marriage, who pays zakat on gold?

Thanks a lot psyah,I will need to re read that as it sounds quite complicated. So Regarding zakat one would need to look at total assets and not just gold? What I meant about the home was say someone rents a place they can't use that to deduct from zakat but if they have a mortgaged home that can be used to deduct from zakat? Have I understood this correctly? Again thanks for taking the time to reply.

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Re: After marriage, who pays zakat on gold?

You are welcome, but no ... you need to count up your total ZAKATABLE assets not all your assets - some assets are not zakatable.

Your owned and lived in (mortgaged or otherwise) house is not zakatable. But any loan you have to pay back can be subtracted from your zakat dues. So long as the loan amount is for immediate payment - i.e. the amount you owe in 1 year. Not the amount you are due to pay for the whole loan amount over many years.

So I am NOT saying that your house value is subject to zakat ... unless you have 2 houses and one you live in and the other you rent out then the second house only will be subject to zakat - again it will be based on the income (rent) you generate on it as if it is a business. So you should not confuse the two matters.

One matter is about loans offsetting (reducing) zakat
The second matter is about extra property adding on to your zakat value based on the money you earn from it.

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Re: After marriage, who pays zakat on gold?

oh ok thanks. i got confused abt the loan offsetting zakat, as mortgage is long term loan but you have to pay yearly so that small amount which someone pays every year can be used to offset zakat every year? i knw i am rambling but i hope you get what i am trying to say

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Re: After marriage, who pays zakat on gold?

You are not rambling ... That is correct

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Re: After marriage, who pays zakat on gold?

weird that the home's value is not considered an asset, while the loan taken to secure this asset is considered a liability for computing zakat. sounds like trickery 101. if anything, liability should be the value of mortgage owed in addition to fair value of the home.

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Re: After marriage, who pays zakat on gold?

thanks for taking the time to explain.

i am thinking the same as queer.

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Re: After marriage, who pays zakat on gold?

Now that is rambling ...

Peace queer

Let's go to first principles ... And I have seen your mathematical prowess so you can handle this easily.

Total Assets minus essential assets minus liabilities = zakatable assets

The first home is considered essential asset not luxury asset or business asset the likes of which are zakatable.

Mortgage is a loan ... a loan is a liability ... You are creating an unnecessary connection between the loan for the asset and the asset itself ... Let me explain ... Let's say the first house is bought outright ... So there is no loan to pay ... Likewise there is no zakat to pay either ... Unless they get another asset. Gold/ animals/ silver, 2nd home, etc.

So if this was trickery 101 then the first home should be zakatable as an asset ... But it is not because it is an essential asset.

So why are liabilities taken to account before zakat? .. Well in fact liabilities work in a similar way to zakat ... They are both outgoings .... And they both if paid properly fuel the economics wheel. So Islam requires creditors to be paid before we pay the general charitable portion because the principle suggests being in debt to someone and giving more charity is less just than repaying debts and giving less in charity. So the already paid mortgage repayment starves the supply of spending money ... And is already an outgoing ... The duty of the zakat of the loaned amount falls on the lender not on the borrower.

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Re: After marriage, who pays zakat on gold?

the problem with what you are saying is that

  1. if one chooses to save up money and buy a house without going the way or a loan with interest, aka a mortgage, they will have to keep paying zakat on the savings until they finally purchase the home. so in effect, those who choose to go with an interest-based system have an advantage, while the poor sucker who saves up is penalized.

  2. don't want to pay zakat? take out a gigantic mortage. the pricier the home and the larger the mortgage, the more your "liability" is in your equations. if you picked a forever expensive house market, in five years, you can cash out with an ginormous profit, and plunk it down on an even bigger mortgage and still not need to pay any zakat. sounds fair to you?

in the real world, a mortgage is not really a liability. it is tied to an asset - the value of your property.

if you are of the school of thought that the first home is not zakatable as you call it, then neither should the loan on it be considered a liability for zakat.

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Re: After marriage, who pays zakat on gold?

Peace queer

1.Let's do a quick comparison a 5% apr mortgage over 20 years for a property valuing in at £200, 000 will cost in total £388,233 that is a total of £188,223 in interest, taking 33 years for repayments of £1000 per month.

Conversely those who save up will only be paying 2.5% of their annual saving. If the price of the house is £200,000 and they can save £1000 each month, then that comes to a total zakat giving of £59,000 over 22 years to save up to £205,000 ...

The zakat method allows the amount to be covered quicker and with less to pay back over 3 times less in fact. So if people do their maths really they will choose to pay zakat and save up.

  1. Doesn't apply the pricier the mortgage the juicier will be the interest and harsher consequences of defaulting that is if the bank allows them to take a bite of the elephant in the first place.

Your arguments are not sound queer.

Regarding wealth ... Zakat is a means to curb saving ... The amount someone can save is proportional to his earning power. If the loan is really tied to the asset then there should be no interest on it either. In the non-Shari'ah system the lender makes money. In the Shari'ah system the lender still has to pay the zakat on the loan.

And obviously the third option is to seek out a bursar willing to give an interest free loan.