Zakat and the Taxable Limit of Silver
1905. There are two taxable limits of silver: The 1st limit is 105 current mithqals In case, therefore, the quantity of silver reaches the 1st limit and other necessary conditions are also fulfilled one should pay 2 1/2% of it (2 mithqals and 15 grams) as Zakat. In case. however, the quantity of silver does not reach the aforesaid limit it is not obligatory for a person to pay Zakat on it. The 2nd limit of silver is when there is an addition of 21 mithqals viz. if an addition of 21 mithqals takes place to 105 mithqal, the person concerned should pay Zakat on 126 mithqals. In case. however the addition which takes place is less than 21 mithqals he should pay Zakat on 105 mithqals only and no Zakat is payable on the additional quantity. The same rule applies as and when further additions take place in the quantity of silver i.e. it 21 mithqals are further added. he should pay Zakat on the entire quantity and it the addition is less than that the quantity which has been added and is less than 21 mithqals does not entail any Zakat. Hence, if a person gives 1/40 of the gold or silver which he possesses, he has paid the Zakat, which it was obligatory for him to pay. and sometimes he pays even more than that. For example, if a person has 110 mithqals which was obligatory on him to pay. and also something on 5 mithqal[s which was not obligatory on him to pay.
1906. If a person possesses gold or silver which has reached the taxable limit. and even if he has paid Zakat on it. he should continue to pay Zakat on it every year so long as it does not tall below the first taxable limit.
1907. Payment of Zakat on gold and silver becomes obligatory only when they are made into coins and are used for various transactions. Zakat should, however, be paid on them even if their stamp has been effaced.
1908. It is obligatory, on the basis of precaution, to pay Zakat on coined gold and silver worn by women as ornaments so long as such coins are legal tenders (i.e. transactions are made with them in the capacity of gold and silver coins). It is not, how '. obligatory to pay Zakat on them when they cease to be legal tenders for purposes of transactions.
1909. If a person possesses gold and silver none of which is equal to the first taxable limit, for example, if he has 104 mithqals of silver and 14 mithqals of gold, it is not obligatory for him to pay Zakat.
1910. Payment of zakat on gold and silver becomes obligatory only when its taxable quantity is owned by a person for 11 , months continuously. In case, therefore. their quantity falls below the taxable limit at any time during the period of 11 months it is not obligatory for him to pay Zakat on them.
1911. If during the period of 11 months a person who possesses gold and silver exchanges them with gold or silver or something else, or melts them, it is not obligatory for him to pay Zakat on them. However, if he does these things to avoid payment of Zakat the recommended precaution is that he should pay Zakat.
1912. If a person melts gold and silver coins in the twelfth month, he should pay Zakat on them, and if their weight or value is reduced on account of melting, he. should pay Zakat which was obligatory on those coins before they were melted.
1913. If gold and silver possessed by a person is partly of superior quality and partly of inferior quality he can pay Zakat of each portion out of it. Rather, if a part of the taxable limit of gold and silver is of inferior quality. he can given Zakat from that part. However. it is better that the entire Zakat may be given by means of gold and silver of superior quality.
1914. If gold and silver coins in which more than usual quantity of another metal is mixed are called gold and silver coins. payment of Zakat on them is obligatory, when they reached the taxable limit, although their pure part may not reach the taxable limit. However, if they are not called gold and silver coins, it is difficult that payment of Zakat on them may be obligatory although their pure part may reach the taxable limit.
1915. If another metal is mixed in usual quantity with the gold and silver coins possessed by a person. and if he pays Zakat on them with gold and silver coins which contain more than usual quantity or another metal, or with coins which are not made of gold or silver, but are in such a quantity that their value is equal to the value of Zakat payable by him, there is no harm in it.
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