We have pledged jewels for the purchase of property.Is zakat payment obobligatory on such pledged jewels

-- Lubna Zaffar (lubna_zaffar@hotmail.com), October 27, 2004

Answers

Pledged jewels are not subjected to zakat because you do not have full ownership of the assets (mulkut-tamm). Wallahu a'lam.

-- Fakhrurrazy Ariff (razy@zakat.com.my), November 05, 2004.