Question

find out amount of zakat paid on Rs.35000乁[ ◕ ᴥ ◕ ]ㄏ
A. 87.5
B. 875
C. 8.75
D. 87.55​

Answer 1

Answer:

Zakāt (Arabic: زكاة‎ zakāt, "that which purifies",[1] also Zakat al-mal Arabic: زكاة ألمال‎, "zakat on wealth"[2]) is a form of alms-giving treated as a religious tax and/or religious obligation in Islam[3][4][5][6] for all Muslims who meet the necessary criteria of wealth,[7] and one of the Five Pillars of Islam.[8] Beneficiaries of zakat include orphans, widowed, poor muslims, debt-ridden, travelers, zakat collectors, new converts to Islam, Islamic clergy.[9][10][11] Zakat is prescribed to cleanse the individual's wealth, heart, and baser characteristics in general, and to replace them with virtues.[12]

Zakat is based on income and the type and value of one's assets/possessions[13][14] above a minimum amount known as nisab.[7][Note 1] The Quran does not provide specific guidelines on which types of wealth are taxable under the zakat, nor how much is to be donated, and Islamic scholars differ on how much nisab is and other aspects of zakat.[16] However, the amount of zakat paid on capital assets (e.g. money) and stock-in-trade and jewelry is customarily 2.5% (1/40).[8] Zakat is also payable on agricultural goods, precious metals, minerals, and livestock at a rate varying between 2.5 and 20 percent, depending on the type of goods.[17][18] Income from business, salaries and other means are traditionally exempt.[19]