All perfect praise be to Allaah, The Lord of the Worlds. I testify that there is none worthy of worship except Allaah, and that Muhammad is His slave and Messenger.
Ibn Qudaamah mentioned in his book “Al-Mughni” the names of the companions who said that there is no Zakah on jewelry worn as an ornament, and he also mentioned the names of the companions who are of the view that Zakah must be paid on jewelry worn as an ornament. He said: “There is no Zakah on jewelry worn as an ornament by a woman if she wears it or lends it (to other women); this is the correct opinion of the scholars of the Hanbali School of jurisprudence, and this is narrated by Ibn ‘Umar, Jaabir, Anas, ‘Aa’ishah, and Asmaa’ and this is the view of Al-Qaasim, Ash-Sha’bi, Qataadah, Muhammad ibn ‘Ali, ‘Amrah, Maalik, Ash-Shaafi’i, Abu ‘Ubayd, Is-Haaq, and Abu Thawr ."
However, Ibn Abi Moosa reported another narration from Ahmad, that Zakah must be paid on jewelry worn as an ornament, and this is narrated by ‘Umar, Ibn Mas’ood, Ibn ‘Abbaas, ‘Abdullaah ibn ‘Amr ibn ‘Al-‘Aas, Sa’eed ibn Al-Musayyib, Sa’eed ibn Jubayr, ‘Atta’, Mujaahid, ‘Abdullaah ibn Shaddaad, Jaabir ibn Zayd, Ibn Seereen, Maymoon ibn Mihraan, Az-Zuhri, Ath-Thawri, and the scholars of the Hanafi School of jurisprudence.
Moreover, At-Tirmithi said in his Sunan: “Some companions of the Prophet among whom are Ibn ‘Umar, ‘Aa’ishah, Jaabir ibn ‘Abdullaah, and Anas ibn Maalik, said that there is no Zakah on jewelry worn as an adornment.''
The Hadeeth narrated by ‘Aa’ishah and Ibn ‘Umar is reported by Maalik in “Al-Muwatta’” in a chapter entitled “The jewelry, raw gold and ambergris on which there is no Zakah,” whereas the Hadeeth by Jaabir was reported by ‘Abdur-Razzaak in “Al-Musnaf” and Al-Bayhaqi in “As-Sunan Al-Kubra” in a chapter entitled “Those who said that there is no Zakah on jewelry worn as an adornment”. This Hadeeth was also reported by others. Also, the Hadeeth from Anas Ibn Maalik was reported by Al-Bayhaqi in the same Chapter.
Allaah Knows best.