Zakat on pledged jewelsgreenspun.com : LUSENET : Zakbt : One Thread
We have pledged jewels for the purchase of property.Is zakat payment obobligatory on such pledged jewels
-- Lubna Zaffar (firstname.lastname@example.org), October 27, 2004
Pledged jewels are not subjected to zakat because you do not have full ownership of the assets (mulkut-tamm). Wallahu a'lam.
-- Fakhrurrazy Ariff (email@example.com), November 05, 2004.