Hanafi Madhab — Zakat Rules
The largest school of Islamic jurisprudence, predominant across South Asia, Turkey, Central Asia, and among most UK Muslims.
Key difference
In the Hanafi madhab, worn gold and silver jewellery IS zakatable. This is the most significant distinction from the other three madhabs.
Zakat on Jewellery — the Key Rule
The defining Hanafi ruling on zakat that differs from the other three madhabs is the treatment of gold and silver jewellery. According to Hanafi fiqh, zakat is due on all gold and silver owned — including jewellery worn regularly.
This means if you own £10,000 worth of gold jewellery that you wear daily, it is still included in your zakatable assets under the Hanafi ruling.
Wealth of Minors
In the Hanafi madhab, zakat is not obligatory on the wealth of a pre-pubescent child. The first zakat year begins 12 lunar months after puberty.
Nisab
The nisab threshold is either 87.48g of gold or 612.36g of silver. The Hanafi madhab traditionally leans toward the silver nisab as it results in more people being eligible to pay zakat, which is considered the more cautious and charitable approach.
Hawl (Lunar Year)
Zakat is due only after wealth has been held above the nisab for a complete lunar year (hawl). In the Hanafi view, some delay after the hawl completes is permitted. Advance payment (before the hawl ends) is also permitted.