Q & A
We have 50,000 USD in our bank account while we have an amount of 5,000 USD in a separate account for our expenditures. We have provided two people with a loan; the total amount is 10,000 USD. I wonder
on what we need to pay Zakah? And what will be the total amount of Zakah that we need to pay?
Please advise the maximum number of grams of gold (how many grams) I can keep for use (i.e. not eligible for the Zakah). How do we calculate the Zakah on the gold balance?
Please confirm the price of Gold on which zakat is to be calculated for this year.
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