Q-12 – Cash on wealth
Calculate Zakat on Cash on wealth from the following wealth of Mr. Kahled Al-Johani :
Saudi Riyals in hand —- 25,000;
American Dollars in hand —- $ 5,000 ;
24 Carat Gold 145 gms and Silver 525 gms ;
Gold Jewellery (exceeding normal use for 1 years) — 80 gms ;
Pound Sterling in hand — 850 ;
Ingots of gold — 150 gms and Silver — 65 grms ;
Investment bonds — 250 @ 150 SR each (market price) ; and
Debts which must be paid by Mr. Khaled Al Johani — SR – 49,000.
Calculate Zakat for Mr. AlJohani
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