Page 15 - Obligatory Zakat Made Easy

iii. Sharia Compliant Gold Investment
Physical Gold
Physically owned gold is usually intended as an
investment to earn profit. Usually the gold is in the form
of coins, ingots, bars and wafers. Zakat must be paid if
the weight of gold equals to or exceeds the nisab of 85
grams.

Calculation Example
Weight of gold x Current price of x 2.5%
= 400 grams x RM180.00 x 2.5%
= RM72,000.00 x 2.5%
= RM1,800.00 (Note 7)

Gold Account Passbook (With Gold Ownership)

There are banks offering gold investments passbook or a
gold savings account. This account does not record the
savings amount in ringgit value but in grams of gold units.

Sharia compliance occurs when physical gold exists and is

held by investors. Zakat is required if there is an
investment intention and the gold weight reaches the
nisab of 85 grams.

Calculation Example
Weight of gold x Current price of x 2.5%
= 200 grams x RM180.00 x 2.5%
= RM36,000.00 x 2.5%
= RM900.00 (Note 7)

Note 7: Paid on business zakat

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