DAILY FIQH
Question: How do I calculate how much Zakat I need to pay?
Answer: Zakat is compulsory on a person who possess Nisab. At present the Nisab of Zakat is approximately R4911.12 (612.36 grams of Silver). The person who possesses this amount of cash/assets for a complete year, will give 1/40th of his wealth as Zakat. That is, two and a half percent - R2,50 for every R100. [Bahishti Zewar Page 336]
And Allah Knows Best
Yusuf Moosagie
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