Question: Solution Case Study . Mr 'A' is a salaried person and he possesses the wealth in different shapes. Now he wants to pay his Zakah
Solution
Case Study . Mr 'A' is a salaried person and he possesses the wealth in different shapes. Now he wants to pay his Zakah as the year cycle completed. Help him to calculate the amount for Zakah payment. Calculation of Zakah Salary = 300,000/- . Gold Bars of 5 Tolas (10 grams of 22k = 283,551/-) (Current Value) Silver Bars of 50 Tolas (10 grams = 3,500/-) (Current Value) . Bank account (Saving) = 1.200,000/- Bonds = 200,000/- . Shares = 100,000/- . Monthly Expenses = 250,000/- . Debt of others = 500,000/- . 3 Plots 1- Residential = 30,000,000/-(Plot Value) 2- On Rent (Monthly Rent=50,000/- = 20,000,000/- (Plot Value) 3- For Investment = 6,000,000/-(Plot Value) . 2 Committees 1- One committee is matured, amount 100,000/- RS, but he is supposed to pay back the amount 30,000/-.RS 2- The other committee is not matured, the amount deposited is 60,000/- RSCase Study . Mr 'A' is a salaried person and he possesses the wealth in different shapes. Now he wants to pay his Zakah as the year cycle completed. Help him to calculate the amount for Zakah payment. Calculation of Zakah Salary = 300,000/- . Gold Bars of 5 Tolas (10 grams of 22k = 283,551/-) (Current Value) Silver Bars of 50 Tolas (10 grams = 3,500/-) (Current Value) . Bank account (Saving) = 1.200,000/- Bonds = 200,000/- . Shares = 100,000/- . Monthly Expenses = 250,000/- . Debt of others = 500,000/- . 3 Plots 1- Residential = 30,000,000/-(Plot Value) 2- On Rent (Monthly Rent=50,000/- = 20,000,000/- (Plot Value) 3- For Investment = 6,000,000/-(Plot Value) . 2 Committees 1- One committee is matured, amount 100,000/- RS, but he is supposed to pay back the amount 30,000/-.RS 2- The other committee is not matured, the amount deposited is 60,000/- RSStep by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
