How Calculate Zakat Online
February 15, 2024 ⚊ 1 Min read ⚊ Views 34 ⚊ MONEY
alculation of Zakat
In order to calculate Zakat, individuals have to add the monetary value of all accountable assets together. Again, only those assets are accountable that have been in your possession for at least a lunar year. Liabilities are also calculated and subtracted from the total and 2.5% is given out of the final sum.
Example
Let’s assume you have 100g of gold, 5 lacs in cash, lend PKR 1 lac to someone, and owe 50,000 PKR to someone else. This is how you would calculate the Zakat:
Total Assets
1g of 22 Karat Gold = 9,869.51
100g of 22 Karat Gold = 9869510
Cash = 500,000
Loan to others = 100,000
Cumulative Assets = 10,469,510
Zakat = Cumulative Assets – Liabilities
10,469,510 – 50,000 (amount you owe in loan) = 10,419,510
10,419,510 is the monetary value of the total asset that you own. Now the owed Zakat is 2.5% of this amount and that will be 260487.75.
Best Dofollow Social Bookmarking Websites List 2022
SL.
Social Bookmarking Site List
Type
A $5,000 loan with instant approval provides quick access to funds when you need them most. Designed for emergencies or unexpected expenses, these loans offer….
A $50 loan instant app with no direct deposit offers a quick financial solution for those in need of a small, immediate cash boost without….
Looking for a quick and easy way to get a small loan? The $25 loan instant app is your go-to solution for fast cash when….
Instant loans with no credit checks offer quick financial relief to those with less-than-perfect credit. These loans provide online approval, making the process fast and….
Instant loans with no credit checks offer quick financial relief to those with less-than-perfect credit. These loans provide online approval, making the process fast and….
No credit check loans with guaranteed approval from direct lenders offer quick access to funds without the hassle of a traditional credit inquiry. These loans….
$255 payday loans online same day offer a quick and convenient solution for those in need of immediate cash. With easy online applications and no….
Apps like Solo Funds provide peer-to-peer lending platforms where users can borrow or lend money directly to others. These apps typically offer quick and easy….
