How to calculate zakat on gold in indian rupees with success
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Zakat is only due on the amount that you have had for a year! If the price of gold were £30 a gram, for example, the nisab would be 30 x 87.48 = 2,624.40. If your total assets minus you total liabilities is more than $ *3861.61 * zakat will be obligatory on you.
The calculation for zakat on gold & silver is as follows:
For this case, the amount of zakat for gold is = 2,5 % x 60,10 gram x idr 495.000,00/gram = idr 743.737,00 and for silver is = 2,5 % x 300 gram x idr 11.500,00/gram = idr 86.250,00. If your personal wealth is beneath the amount of lisa, you are not qualified to pay zakat. It’s a kind of worship that’s needed for the elimination of a person’s soul and wealth. As long as you have details of all the assets you own to hand, you can quickly find out how much you need to give.