Zakat on pledged jewels : LUSENET : Zakbt : One Thread

We have pledged jewels for the purchase of property.Is zakat payment obobligatory on such pledged jewels

-- Lubna Zaffar (, 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 (, November 05, 2004.

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