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Question ID: 31097
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As-Salaam-u-Alaikum
Dear Mufti Saab.
I have a question on how to calculate zakaat. I have a bond of say R600k. This is an access bond. I have placed R400k into this bond to save on interest. I also have car finance of R150k. On what amount do i pay zakaat.
Jazakalla.

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Asked on November 16, 2012 12:08 pm
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On the amount you have on hand at the time of calculating Zakaat.
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Answered on November 16, 2012 12:08 pm