Prayers & Duties >> Zakat & Charity
Question ID: 11119Country: India
Answer ID: 11119
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 256/256=M/1430)
(1) One has to pay zakah who owns 7.5 tola gold or 52.5 tola silver or cash or business commodity equal to 52.5 tola silver and one year passes over it.
(2) No, Zakah is not obligatory on every person, it is obligatory only on those owning wealth equal to nisab which has been mentioned above.
(3) 2.50% of total wealth will be taken out as Zakah e.g. 2.50 rupees out of 100 rupees, thus you will have to give Zakah of your wealth.
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India