How can i calculate zakat
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Nisab is the threshold or cut-off amount. If your personal wealth, or what you own, is more than the nisab, you owe zakat. If your personal wealth is below the nisab, you don't owe zakat. You use either the current market price of gold or silver to calculate nisab.
ilma1:
how can i calculate nisab
1 Calculate the nisab. Nisab is the threshold or cut-off amount. ...
2 Determine your cycle dates. Zakat is an annual duty. ...
3 Base your calculations on silver. Silver has a lower price than gold. ...
4 Know the difference between zakat and tax. Zakat is not a tax
2 Determine your cycle dates. Zakat is an annual duty. ...
3 Base your calculations on silver. Silver has a lower price than gold. ...
4 Know the difference between zakat and tax. Zakat is not a tax
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