The Mr.Abdullah has a monthly salary is SR-12,500 & earns from a part time job SR-2,500...
The Mr.Abdullah has a monthly salary is SR-12,500 & earns
from a part time job SR-2,500 / month. He bought a 24 Carat Gold
bar of 120gms as an investment an year ago. He also kept 2,500 USD
from his annual savings. He also gave his parents SR-2,500pm since
the beginning of the year. His house loan is SR-3,000 a month and
he purchased 1,500 shares of Al-Rajhi bank as an investment from
which the bank gave him SR-5,000 as dividend. Abdullah also won an
award and received SR-30,000 Cash prize. His savings are SR-25,000,
at the lowest point of year.
Required : How much Zakat should he pay ?
Homework Answers
Assuming Value of Gold Nisab per gram is 212.043 SR (current)
Value of Gold Nisab = 120*212.043 = 25445.16
Zakat would be:-
Bank Saving (Lowest point of year) = 25000
Add: Gold value (in Monetary Value) = 25445.16
Add: Money Owed by Mr. Abdullah (Deposits and Loans Made) = 36000
Add: Resale value of shares = Assuming Nil
Total = 86445.16
Zakat = 86445.16*2.5% = SR 2161.13
Thanks and Regards
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The Mr.Abdullah has a monthly salary is SR-12,500 & earns
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