Question
Questions : Instructions You Must Calculate NISAB before calculating Zakat and compare it with the Zakatable Income. ( Current Gold Rate of 24 Carat Gold
Questions :
Instructions You Must Calculate NISAB before calculating Zakat and compare it with the Zakatable Income.
( Current Gold Rate of 24 Carat Gold is 181.32 & Silver is at 2.12 SAR per 1 Gram on October 05, 2019. Current Dollar rate is 3.75 Riyals & British Pound = 4.63 SR. The market price of Al Rajhi Banks share is SR-60 per share )
1) The Total Annual Gross Income of Mr.Abdullah ( if the total income is more than the NISAB rate) is SR 33,800. How much Zakat should he pay? 2) The Total Annual Gross Income of Mr.Abdullah is SR 33,800 and his total annual liabilities are 21,600. How much Zakat should he pay? 3) The Total Annual Gross Income of Mr.Abdullah is SR 33,800 and his total annual liabilities are 14,400. How much Zakat should he pay? 4) Mr.Abdullah has a Cash of SR 33,800 plus Ingots of Gold & Silver worth of SR 16,600 and his total annual liabilities are 14,400. How much Zakat should he pay? 5) Mr.Abdullah has a Cash of SR 33,800 , Ingots of Gold & Silver worth of SR 16,600 & Investment Bonds of SR-10,000 on which the whole lunar year has passed, and his total annual liabilities are 16,400. How much Zakat should he pay? 6) Mr.Abdullah has a Cash of SR 33,800 , Ingots of Gold & Silver worth of SR 16,600, Investment Bonds of SR-10,000 & Investment in Gold Jewellery worth of SR-15,000 on which the whole lunar year has passed, and his total annual liabilities are 16,400. How much Zakat should he pay? 7) Mr.Abdullah has a monthly Salary of SR-10,000 from which he supports his parents giving them SR-1,500 per month, while his own monthly expenses are 2,000. How much Zakat should he pay? 8) Mr.Abdullah has a monthly Salary of SR-10,000 & 2,000 pm from a Part time job, from which he supports his parents giving them SR-2,500 per month, while his own monthly expenses are 4,000. He also bought a 24 Carat Gold Bar of 100gms, which has covered 1 lunar year. How much Zakat should he pay?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started