Question:
Do I have to pay zakat on my watch collection?
Answer:
It depends on your intention behind owning the watches.
If you bought the watches as an investment, with the intention of selling them later to make a profit, then zakat is due on their current market value. In this case, they are considered trade goods (‘urūd al-tijārah), and zakat must be paid at 2.5% of their value annually if their total value reaches the nisab (minimum threshold).
However, if you purchased the watches for personal use, to wear and benefit from them without the intention of selling them for profit, then no zakat is due on them. Personal items like clothing, watches, or household goods are not subject to zakat.