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Is Zakat due on gold that has been pawned in a bank to take a loan?

Charity and Zakat,Zakat and Syllabus of Zakat,Is Zakat due on gold that has been pawned in a bank to take a loan?

Fatwa No :
44922
| Date :
2021-04-07
عبادات / زکوۃ و صدقات / زکوۃ و نصاب زکوۃ

Is Zakat due on gold that has been pawned in a bank to take a loan?

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?

الجوابُ حامِدا ًو مُصلیِّا ً

In the mentioned scenario, Zakat will not be due on the gold that has been pawned at the bank.
And Allah knows best.

And Allah knows best
محمد جاوید نور عُفی عنه
دار الافتاء جامعه بنوریه عالمیه

Fatwa No 44922 Verify Now
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