Valuing Jewelry for Zakat Calculation
Posted: 18 Rabi at-Thani 1435, 18 February 2014
Q.): I should be grateful if you could enlighten me regarding the calculations of zakat on gold jewelry. The price of 18k gold actually is 40 US dollars per gram. But it becomes 56 US dollars per gram if labor cost is included. Should I estimate jewelry value for zakat calculation on the basis of 40 or 56 us dollars per gram?
And Allah Ta'ala Knows Best