Chapter on Zakat of Silver

Ali ibn al-Hasan from Muhammad ibn Ismail from Hammad ibn Isa from Umar ibn Udhaynah from Zurarah and Bukayr, the two sons of Ayan, that they both heard: Abu Ja’far عليه السلام, peace be upon him, said: “As for Zakat on gold, there is nothing due on anything less than twenty dinars. When it reaches twenty dinars, half a dinar is due on it. And there is nothing due on anything less than two hundred dirhams. When it reaches two hundred dirhams, five dirhams are due on it. Whatever exceeds that is calculated accordingly. On two hundred dirhams up to one dirham less than two hundred and forty dirhams, nothing more than five dirhams is due. Then when it reaches two hundred and forty dirhams, six dirhams are due. When it reaches two hundred and eighty dirhams, seven dirhams are due. Whatever exceeds that is calculated according to this same calculation. The same applies to gold. Zakat is only due on stored gold and silver once a full year has passed over it. As for anything over which a full year has not passed, there is nothing due on it.”