The Zakah (obligatory charity) for gold and silver is as follows: The zakah on gold is obligatory when it reaches or exceeds the amount of 20 mithqal [approximately 85 grams of pure gold]. The zakah paid is half a mithqal. When the amount of silver you have reaches the value of 200 dirhams, which is 140 mithqal, five dirhams should be paid as zakah. This is based on what Allah (Exalted be He) says: And those who hoard up gold and silver [Al-Kanz: the money, the Zakât of which has not been paid] and spend them not in the Way of Allâh, announce unto them a painful torment. On the Day when that (Al-Kanz: money, gold and silver the Zakât of which has not been paid) will be heated in the Fire of Hell and with it will be branded their foreheads, their flanks, and their backs, (and it will be said unto them): "This is the treasure which you hoarded for yourselves. Now taste of what you used to hoard." Moreover, Abu Sa`id Al-Khudry (may Allah be pleased with him) narrated that the Messenger of Allah (peace be upon him) said: “No Zakah is due on less than five Uqiyyahs of silver (40 Dirhams of silver = 119 grams).” (Agreed upon by Al-Bukhari and Muslim). `Aly (may Allah be pleased with him) narrated that the Messenger of Allah (peace be upon him) said: (Part No. 9; Page No. 180

The Zakah (obligatory charity) for gold and silver is as follows: The zakah on gold is obligatory when it reaches or exceeds the amount of 20 mithqal [approximately 85 grams of pure gold]. The zakah paid is half a mithqal. When the amount of silver you have reaches the value of 200 dirhams, which is 140 mithqal, five dirhams should be paid as zakah. This is based on what Allah (Exalted be He) says: And those who hoard up gold and silver [Al-Kanz: the money, the Zakât of which has not been paid] and spend them not in the Way of Allâh, announce unto them a painful torment. On the Day when that (Al-Kanz: money, gold and silver the Zakât of which has not been paid) will be heated in the Fire of Hell and with it will be branded their foreheads, their flanks, and their backs, (and it will be said unto them): "This is the treasure which you hoarded for yourselves. Now taste of what you used to hoard." Moreover, Abu Sa`id Al-Khudry (may Allah be pleased with him) narrated that the Messenger of Allah (peace be upon him) said: “No Zakah is due on less than five Uqiyyahs of silver (40 Dirhams of silver = 119 grams).” (Agreed upon by Al-Bukhari and Muslim). `Aly (may Allah be pleased with him) narrated that the Messenger of Allah (peace be upon him) said: (Part No. 9; Page No. 180)  I have given exemption regarding horses and slaves [no Zakah upon them]. With regard to coins, however, you must pay a dirham for every forty (dirhams). Nothing is payable on one hundred and ninety. When the total reaches two hundred, five dirhams are payable. (Narrated by Ahmad, Abu Dawud and Al-Tirmidhy) In another narration, I have given exemption regarding [Zakah upon] horses and slaves, and no zakah is due on any amount less than two hundred (dirhams). (Narrated by Ahmad and Al-Nasa'y) Additionally, Jabir (may Allah be pleased with him) narrated that the Messenger of Allah (peace be upon him) said: No Zakah is due on less than five Uqiyyahs of silver (40 Dirhams of silver = 119 grams). (Narrated by Ahmad and Muslim) It was narrated on the authority of `Aly (may Allah be pleased with him) from the Prophet (peace be upon him) that he said: When you possess two hundred dirhams and one year passes with the money in your control, five dirhams are payable. Nothing is incumbent on you, that is, on the gold, till it reaches twenty dinars. When you possess twenty dinars and one year passes with the dinars in your control, half a dinar is payable. (Narrated by Abu Dawud) (Part No. 9; Page No. 181) Based on a Hadith Marfu` (a Hadith narrated from the Prophet with a connected or disconnected chain of narration) narrated by Abu Hurayrah (may Allah be pleased with him) that ...One fifth is due [as Zakah] on Rikaz, (Agreed upon by Al-Bukhari and Muslim), a fifth of the Rikaz is payable. Rikaz means the hidden treasures buried in the time of the Jahiliyyah (pre-Islamic time of ignorance).