Taxable Limit of Gold
Issue No. 1615- There are two taxable limits of gold:The first taxable limit is 20 mithqāls (equal to 69.12 grams). If gold reaches this quantity and other requisite conditions are also present, then one should pay one-fortieth of it (2.5 %) as zakāt, and if it does not reach this quantity, no zakāt would be payable on it.The second taxable limit is four mithqāls (13.82 gms). In other words, if four mithqāls are added to 20 mithqāls, one should pay the zakāt of 24 mithqāls at the rate of 2.5%, and if less than four mithqāls are added, then, only the zakāt of 20 mithqāls will be obligatory, and it will not be obligatory to pay zakāt on the additional quantity. The same rule applies when further additions take place in the quantity of gold, i.e., if a further increase of four mithqāls takes place zakāt should be paid on the entire quantity, and if the increase is less than that, no zakāt is due on the additional quantity.
