Salaam lovely brothers and sisters,
I just recently got married and have no idea how to calculate zakat on my gold! I have 44 tola and 3 grams of gold. Can someone please be kind enough to calculate it for me please?
I have very poor math skills and would love if someone just calculate it for me in Pakistani Rupees because I will be sending my Zakat to Pakistan!
Jazakallah Khair!
Re: Help me calculating Zakat
Wa Alaikum Salaam Bhai/Didi...
it's very simple... Zakat percentage is 2.5% of the total cost of total gold...
for example if 1 tola is 49000
then 44 tola = **49000 **x 44
and 3 grams = 3/11 tola
so if the price is 49000 **then it will be 3/11 x **49000...
but plz confirm the actual price of gold in ur city and replace it with my listed amount... and secondly.. how you know you have to pay zakat on gold until you keep it for 1 year... I guess you dont have to YET...
plz confirm it or can anyone else on GS confirm it ??
Re: Help me calculating Zakat
To be exact I have 434 grams of gold! I got married this January but my husband's side bought gold for me in March 2012 while my parents bought for me in October 2012! Does that mean I still have to pay this year since I only got married this year plus it hasn't been a year yet since my parents bought the gold! It would be a year in October!
Thanks for your help Hakuna Matata :)
Re: Help me calculating Zakat
Any ell would be appreciated guys! I atill don't know how to calculate Zakat on gold! Can someone please calculate this for me and explain the ruling please! Thanks so much !
You multiply the price of gold by 2.5 and divide the number by 100. That is the amount you have to pay.
1 year ruling is Islamic year, not our regular January February calendar that we follow. If you pay zakat every Ramadan then every Ramadan you look at your total assets and pay zakat on the total. Don't worry about what amount had one year completed on it or not. It would be extremely difficult for you to keep calculating that which amount has one year passed on it and such did not.