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19-05-2024
Mathematics

Answered

Calculate the amount of zakat payable on gold worth of 560850

Answer :

Abdboateng552 Abdboateng552

19-05-2024

Answer:

The answer is USD 14021.25

Step-by-step explanation:

According to the hadith narrated by al bukhari, the zakat of gold and silver should be a quarter of a tenth of the nominal. the Nisab of gold zakat is 85 grams, equal to 7000 USD. So the gold should be object of the zakat.

Calculation

1/4 * 1/10 * 560850 = 14021.25

Answer Link

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