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Question ID: 28259
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asslaamulaikum
. i have some problems in calculating my zakaat
. the thing is that i have a loan of 1 million on which i have some facilities of payments.
my business’s turnover is around 4 million per month.
i have 500 000 as savings
. can you please tell me how much do i have to pay?
jazaak Allah

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Asked on September 29, 2008 12:00 am
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Private answer
1 Million is not your liability. The instalment x12 is your liability. The formula is assets - liablity = ? x 2 1/2 % of x
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Answered on September 29, 2008 12:00 am
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