Do I Have To Pay Zakat As Soon As It Is Due ?
You may pay zakat at a time that is convenient for you. Whether jewelry is used frequently or infrequently does not determine its status. If it is intended for personal use, it is not considered excess wealth and therefore does not incur zakat. A gold medal is not pure gold and is generally not meant for sale or investment. For this reason, it is not subject to zakat. It should also be understood that gold and silver historically functioned as currency. Zakat was applied to them because of their monetary value, when they exceeded a person’s essential needs and reached the prescribed threshold.