Mr and Mrs Javaid have property wroth Rs.250000 and Mrs Javaid's jewellery is wroth Rs.180000 .Find the amount of zakat that they have to pay?
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Given : mr and mrs junaid have property worth rs 250000 and mrs junaid jewelary is worth rs 180000
To Find : the amount of zakat that they have 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.
250000 + 180000
= 430000
Zakat = (2.5/100) 430000
= 10,750 Rs
amount of zakat that they have to pay = 10,750 Rs
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