Zakah on gifts
Mu' meneen Brothers and Sisters,
As Salaam Aleikum wa Rahmatullahi wa Barakatuh. (May Allah's Peace, Mercy and Blessings be upon all of you)
One of our brothers/sisters has asked this question:
What is the rules for Zakat on the gifted items? I got some golden ornaments for my wife on my marriage occasion. Do I need to give Zakat on the gifted gold items?
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Gifts are considered part of ones wealth, and if the gifts have been in your possession for a period of one full year, then the zakah dues will be liable upon them. You must value them at market price and pay 2.5% of that value as zakah.
Whatever written of Truth and benefit is only due to Allahs Assistance and Guidance, and whatever of error is of me. Allah Alone Knows Best and He is the Only Source of Strength.
Your Brother in Islam,