Why is Zakat is due on paper money? At the time of the Prophet Muhammad (peace be upon him), Zakat was due on gold dinars and silver dirhams. Now that we use paper money, Zakat is due on the cash that forms our wealth – not solely on the exchange of silver and gold. Approved by Mufti Amjad 13th August 2023 Author: [email protected] Was this article helpful? Share: Previous Article Previous Article Next Article Next Article Related articles Zakatable assets Zakat on employer issued RSU’s Keep reading Zakatable assets Which business assets do I need to pay Zakat on? Keep reading Zakatable assets Do you pay Zakat on metals? Keep reading Helping you bring Zakat to life where you live. GIVE ZAKAT APPLY FOR HELP
