Question ID: 26073
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1- we have gold totalling 490 Grams i.e. amount of this gold is 1220000 INR and this gold is rarely used by our family females. do we have to pay zakat on this if yes then how much ?

2- we have a fixed deposit amount in the bank some around 550000 INR do we have to pay zakat on this amount ? if yes then how much ?

3- we have a saving in the bank some around 550000 INR do we have to pay zakat on this ? if yes then how much?

4- we have another 45000 INR in the bank we deposited for some loan payable amount which we have already given a cheque to front party. do we have to pay zakat on this amount ? if yes then how much it will be

5- i have invested an amount in a business which is around 800000 INR till date I didnt get any loss or any profit but this amount is given to do business which I will get profits from soon. do we have to pay zakat on this ? if yes then how much?

6- we have one big house which is in our native place which we have given on rent do we have to pay zakat on this

7- we have land in native place but we are not using that land do we have to pay zakat on this / if yes then what will be the ratio?

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Asked on July 22, 2014 11:00 pm
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Private answer

1) 2 1/2 of 1220000.
2) 2 1/2 of 550000.
3) Yes - 2 1/2.
4) Yes - 2 1/2.
5) No.
6) On the rental if not spent.
7) No.
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Answered on July 22, 2014 11:00 pm