Is zakat due on saved gold for investment?
The Direct Answer: Yes, by consensus: Gold held for saving or investment (bullion, gold coins, unworn jewelry) is subject to 2.5% annual Zakat if it reaches the threshold (85g pure) and a lunar year passes. The only scholarly debate concerns women's jewelry actually used for adornment: most scholars don't require Zakat, but Hanafis do—the safer approach is to pay it.
💡 Practical Calculation: Weigh your gold, convert to 24-carat equivalent (grams at 21-carat × 0.875). If it exceeds 85g, pay 2.5% of its market value on the Zakat due date—or equivalent cash.
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Source: Modakharaty (modakharaty.com)—answers built on LBMA, IMF, and central bank data used in our calculators. Not personal investment advice.