ANSWER:

The zakat date doesn’t change when you buy gold!

Your zakat date for the gold remains the same as your cash zakat date as it was bought with that cash.

QUESTION: Can I intentionally buy gold in the month of Ramadan so that I can give its zakat during Ramadan?There r many poor & needy people in my family, & I would like to help them fulfill their needs during Ramadan & have some money for Eid. Without zakat money,may be I would not have enough money to give them that much support.

Zakat |