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value

Last updated: 20th September 2006
Question ID: #2490
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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


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
Answer last updated on:
18th September 2009
Answered by:
Ulamaa ID 04
Website
Location: London
Mufti Qamruzzaman

London, UK