Due to some financial difficulties, I’ve pawned my gold at the bank in order to take a loan. At that time, I thought that I would quickly retrieve my gold, but my husband ended up losing his job and now I have to pay interest for the loan. Is Zakat due on the gold I pawned at the bank?
In the mentioned scenario, Zakat will not be due on the gold that has been pawned at the bank.
And Allah knows best.
Is Zakat due on gold that has been pawned in a bank to take a loan?
English 30 Zakat and Syllabus of Zakat