Zakat on gold and silver

Islamkingdom_ar25 Nov, 2019Religion

The Ruling of Zakah Concerning the Two Currencies(Zakat on gold and silver) It is obligatory, due to the statement of Allah Almighty: “And those who hoard up gold and silver and spend them not in the way of Allah, announce unto them a painful torment.” (At-Taubah: 34). The Prophet ﷺ said: “The owner of gold or silver who does not pay the poor their dues (Zakah), will have a bitter punishment on the day of resurrection. Plates of fire will be beaten out for him; these will then be heated in the fire of hell and his sides, forehead and back will be ironed with them. Whenever these cool down, the process will be repeated throughout a day whose extent will be fifty thousand years until judgment is pronounced among the servants, and he sees whether his path is to take him to Heaven or Hell.” [ Source: Muslim]