Zakat on Platinum Jewelry
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Question
Zakat has to be paid if one possesses gold or silver. Does it have to be paid if one possesses platinum jewelry, pearls or diamonds? How is zakat calculated in this case?Answer
In the Name of Allah, Most Merciful & Compassionate
Zakat isn’t due on platinum jewelry. In terms of jewelry, Zakat is only obligatory on gold and silver .
Faraz Rabbani
This answer was published by SunniPath and is preserved as written. Rulings can depend on circumstances; for your own situation, consult a qualified scholar.
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