Question
Does Zakaat have to be paid on precious stones?
Answer
In principle, precious stones and metals besides gold and silver are not subject to Zakah. However, if one has purchased precious stones with the intention of resale, then they will be sucject to Zakah.
Checked and Approved By:
Mufti Muhammed Saeed Motara Saheb D.B.
References
ولا زكاة في الجواهر واللآلى إلا أن يتملكها بنية التجارة كسائر العروض
مراقي الفلاح من نسخة حاشية الطحطاوي 391
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