find zakat if a person has following assest income from the rented house is 124000 2 prize bonds worth is RS 100000 saving is RS 68000
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Given : a person has following assest income from the rented house is 124000 2 prize bonds worth is RS 100000 saving is RS 68000
To Find : the amount of zakat that person has to pay
Solution:
Zakat is due on the wealth of any Muslim that is held in savings for one calendar year and is more than the Nisab.
liable for Zakat:
Gold & Silver
Paper currency held in cash or in the bank
Tradable assets owned by your business
Crops and herded animals.
124000 + 100000 + 68000
= 292000
Zakat = (2.5/100) 292000
= 7300 Rs
amount of zakat that person has to pay = 7,300 Rs
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