Zakat and the Method of its Calculation

[lethal_kamikaze]

Re: Zakat and the Method of its Calculation

@TabuB

Is Zakat payeable on you if you have a big mortgage? coz in that sense u shud first pay that off before helping poor people right? coz u cud easily be kicked out of your house? Or is that not correct? I have heard a lot of debates about this..also how can I calculate how much gold I have,i dont know how many grams it is :S

Peace TabuB,

For your first question, I suggest you to ask an scholar for better guidance as my knowledge on this is limited or may be my answer would be wrong so I don’t wish to misguide others. However, you can read this information:
**
Zakat_Payable_On_Mortgage

**For your second question, every year my cousion takes her all gold to a jewellery shop where the shop-owner calculate it i.e. tell us how many grams of gold we do have. If these grams are equivalent or exceed the quantity of ‘Nisab’ and has been possessed for one lunar year then ‘Yes’ Zakat is payable on such gold and/or silver jewelry. **(Please refer S#2 'Zakat Calculation Table). **Moreover, check the hadiths written below:

**Book ‘Zakat (Kitab Al-Zakat)’ of Sunan Abu-Dawud Hadith No. 1558 and 1559.
**
Narrated Abdullah ibn Amr ibn al-'As: A woman came to the Apostle of Allah and she was accompanied by her daughter who wore two heavy gold bangles in her hands. He said to her: Do you pay zakat on them? She said: No. He then said: Are you pleased that Allah may put two bangles of fire on your hands? Thereupon she took them off and placed them before the Prophet saying: They are for Allah and His Apostle.

Narrated Umm Salamah, Ummul Mu’minin: I used to wear gold ornaments. I asked: Is that a treasure (kanz), Apostle of Allah ? He replied: whatever reaches a quantity on which zakat is payable is not a treasure (kanz) when the zakat is paid.