Zakaat on gold

Q: A sister asks if she is liable to pay zakat on her gold that she possesses. She is only selling some food from home and does not have a stable income but she has gold. She wants to know if Zakat is liable. Her husband is not with her. In short she looks after herself. Is she supposed to pay zakat?

 

A: If the gold the woman possesses is equivalent to, or more than 87.48g, she will have to pay her zakaat. If her gold is less than that amount, but she has cash at the end of her zakaat year which when added to her gold, equals to the zakaat nisaab amount, she will be liable to pay her zakaat.