Q: Is Zakat due on gold according to the Shafi school of Islamic law?
A: In principle, Zakah must be paid on gold that one has owned for a full year, not just once, but for every year that one owns it. However, if the owner of the gold is a female whose purpose in acquiring the gold is to wear it, even if it be only once a year and only to weddings, it will not be incumbent to pay Zakat on it.
And Allah knows best!
Mufti Faraz Adam