Source: http://qa.muftisays.com/?2490
Question ID: #2490
 
Question: value
some of the sisters been asking how much zakat they have to take out on there gold.what is the currant price is for 1 tolla
 
 
Answered by: Ulamaa ID 04 (London)
Date: 18/09/2009 01:05am

Bismillah

Al-jawab billahi at-taufeeq (the answer with Allah's guidance)



1 Tola = 11.663 grams

The Nisab for gold will be 7.5 Tola which is 87.5g. (Awzan Shari'ah Pg.13)

The current price of gold is £19.899 per gram (price on 17/09/09).

87.5g * £19.899 = 1741.16

Therefore, The value of the Nisab is that of 87.5 grammes of gold, i.e. £1741.16 at current market rates.



And Only Allah Ta'ala Knows Best.

Mufti Qamruzzaman

London, UK
 
www.MuftiSays.com