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Buying gold for keepsake

Fatwaa ID: 1970

Question:
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?

Answer:
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
https://askthemufti.us/

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

وصل اللهم وسلم وبارك على سيدنا محمد وعلى ءاله وصحبه أجمعين

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