Prayers & Duties >> Zakat & Charity

Question ID: 33537Country: Saudi Arabia

Title: I have gold worth of 4 lakh 50 thousand and I have fixed deposit of 2 lakh 50 thousand (on fixed deposit one year has not been completed) and also I have bank loan on 4,70,000/-. Please tell me how much zakah I should pay in this Ramadan?

Question: c (on fixed deposit one year has not been completed) and also I have bank loan on 4,70,000/-. Please tell me how much zakah I should pay in this Ramadan?

Answer ID: 33537Posted on: Sep 1, 2020

Bismillah hir-Rahman nir-Rahim !

(Fatwa: 1398/855/D=1432) It is wajib to pay zakah on the total gold price and on 2.5 lakh amount. For what purpose you have taken loan from bank? And in which shape it is present, make it clear then the second part shall be answered.

Allah (Subhana Wa Ta'ala) knows Best

Darul Ifta,

Darul Uloom Deoband, India

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Title: I have gold worth of 4 lakh 50 thousand and I have fixed deposit of 2 lakh 50 thousand (on fixed deposit one year has not been completed) and also I have bank loan on 4,70,000/-. Please tell me how much zakah I should pay in this Ramadan?

Question: c (on fixed deposit one year has not been completed) and also I have bank loan on 4,70,000/-. Please tell me how much zakah I should pay in this Ramadan?

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