Zakat On Gold Business
According to Ghamidi Sahab, if there is value addition involved in this process, just like industrial production, then there will be 5% production zakat applicable on value addition only . The raw material (i.e. Gold purchased ) will be considered exempt being a means of production. Zakat on Savings at year-end is separate and will be due at 2.5% of total wealth excluding items of personal use (e.g. personal house, personal car etc), means of production (e.g. raw gold purchased) and Nisab amount . Please see for details : Discussion 50336 Complete Law of Zakat : Discussion 58129 • Reply 58137