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I
sold the gold before I paid Zakaah on It, what should I now
do?
Question:
I sold gold [jewellery] that I used to wear for some time
but I did not pay Zakaah on it. I would like from you to make
it clear to me what I should do about its Zakaah, given that
I sold it for four thousand riyals.
Response:
If you did not know that you had to pay Zakaah on it until
after you had sold it, then there is nothing that you must
do. However, if you knew that you had to pay Zakaah on it,
then you should pay 2.5% per year. You should pay that for
each previous year according to the value of gold in the marketplace.
You must pay 2.5% in cash. However, if you did not know about
that until the last year, then you should pay Zakaah just
for the last year.
Shaykh
Ibn Baaz
Fataawa al-Mar.ah
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