The Mr.Abdullah has a monthly salary is SR-12,500 & earns from a part time job SR-2,500...

 

 

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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. (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 Bank's share is SR-73.80 per share on January 25, 2021, as per Tadawul) 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. (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 Bank's share is SR-73.80 per share on January 25, 2021, as per Tadawul)

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Q11 Mr Majed Yasser Jawad Mr Majed Yasser Jawads Zakat will depend on his total wealth and whether it exceeds the Nisab minimum threshold for Zakat Th... View the full answer