QUESTION :

Haider has the following assets and debts for Hijri 1440.

69,000 $ cash and Money at bank account (50,000 from previous years, 19,000 this year.)

1,500 Grams of Gold (1 gram of gold is 16 $ ) (All bought this year.)

5,000 Grams of Silver (1 gram of silver is 2 $ ) (All bought this year.)

40,000 $ 1 House (He lives with family for 10 years)

10,000 $ 1 Car (he uses with family for 4 years)

50,000 $ 1 Store building (Ahmad buys the building 4 months ago)

4,000 $ Rent Income for Store building

7,000 $ 1 Car (Used as Taxi) (He buys this taxi 3 years ago.)

3,400 $ Income from Taxi

53,000 $ Family expenses

42,000 $ loan debt.

1) Is Haider responsible for Zakat? If he is responsible, how much should he pay? and why?

2) In Hijri year 1441 , family expenses increase by 20% and Cash decreases by 6,000. How would you calculate Zakat for Haider ?