50 Popular Woodworking Projects - Zakat in IslamWEALTH ON WHICH ZAKAT IS IMPOSED: 1. Gold and silver, in any form.2. Cash, bank notes, stocks, bonds etc.3. Merchandise for business, equal to the value of Nisaab.4. Live stock.5. On income derived from rental business.CALCULATION OF ZAKAT: 1. To calculate Zakat on jewelry etc. One must initial determine the gold or silver content along with then calculate the Zakat based on current market price.2. If the Gold possessed is less than 87.48 grams or if silver Muslim possessed is less then 612.36 grams, but the value of each combined is equal to or exceeds the Nisaab of either Gold or Silver, the Zakat will almost certainly be due.3. within the event of an write-up not being of pure gold or pure silver, but containing a mixture of other metals and the gold or silver content is much more t ... [More Info - 50 Popular Woodworking Projects]
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