Monday, February 26, 2024
No menu items!

Buying gold for keepsake

Fatwaa ID: 1970

Assalamu alaykum wa rehmatullahi wa barakatuh. If one was to purchase their deceased maternal grandmother’s gold necklace from their inheriting maternal uncles and aunts, not for the sake of investment or use but as a keepsake, would zakat be required on this gold jewelry?

In the Name of Allaah, the Most Gracious, the Most Merciful.
As-salaamu ‘alaykum wa-rahmatullaahi wa-barakaatuh.

In principle, gold is a zakaatable asset. Any gold that one owns will be subject to zakaah irrespective of the reason of purchase. Accordingly, the gold in question that once belonged to your grandmother will be subject to zakaah if you purchase it even for keepsake. You will add its value to your annual zakaah calculation.

And Allaah Ta’aala knows best.
Mufti Muajul I. Chowdhury
Darul Iftaa New York

05/28/1445 AH – 12/12/2023 CE | AMG1-3624

وصل اللهم وسلم وبارك على سيدنا محمد وعلى ءاله وصحبه أجمعين


Darul Iftaa New York answers questions on issues pertaining to Shari’ah. These questions and answers are placed for public view on for educational purposes. The rulings given here are based on the questions posed and should be read in conjunction with the questions. Many answers are unique to a particular scenario and cannot be taken as a basis to establish a ruling in another situation. 

Darul Iftaa New York bears no responsibility with regard to its answers being used out of their intended contexts, nor with regard to any loss or damage that may be caused by acting on its answers or not doing so.

References and links to other websites should not be taken as an endorsement of all contents of those websites. 

Answers may not be used as evidence in any court of law without prior written consent of Darul Iftaa New York.