calculate zakaat

Question

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.

zd · Answer

On the amount you have on hand at the time of calculating Zakaat.