Question
( Gold Rate of 24 Carat Gold is 199.52 & Pure Silver is at 3.09 SAR per 1 Gram on January 25, 2021. Current Dollar
( Gold Rate of 24 Carat Gold is 199.52 & Pure Silver is at 3.09 SAR per 1 Gram on January 25, 2021. Current Dollar rate is 3.75 Riyals & British Pound = 5.14 SR. The market price of Al Rajhi Banks share is SR - 73.80 per share on January 25, 2021, as per Tadawul )
Q-10 - Comprehensive 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 ?
Q-11 Mr.Majed Yasser Jawad is working as a Freelance Interior Designer in Riyadh, Saudi Arabia since the last 7 years. His earning is SR-150,000 for this year. He spent about SR-2,000 for his personal car expense per month. He also paid SR-5,000 for advertising his services in the local newspapers and magazine (for the whole year). He spent about SR- 3,000 on himself and to take care of his family bread and butter during the month. He took a house loan and needed to pay SR - 3,000 during the month. Does he need to pay Zakat or Not? Calculate Nisab and Zakat, if he is eligible for it
Q-12 - Cash on wealth Calculate Zakat on Cash on wealth from the following wealth of Mr. Saud Naif Feras :
Saudi Riyals in hand ---- 25,000;
American Dollars in hand ---- $ 5,000 ;
24 Carat Gold 145 gms and Silver 525 gms ;
Gold Jewellery (exceeding normal use for 1 years) -- 80 gms ;
UK Pound Sterling in hand --- 850 pounds ;
Ingots of Gold -- 150 gms and Silver --- 65 grms ;
Investment bonds --- 250 @ 150 SR each (market price) ; and
Debts which must be paid by Mr. Saud Naif Feras -- SR 58,000.
Calculate Zakat for Mr. Saud Naif Feras.
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