Zakaat calculation

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Question ID: 28016
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1. Do we pay Zakaat on platinum and diamonds and 9 & 18 carat gold? one mufti said yes another said no only for 22 or 24 carat gold???

2. I’m a doctor and have a surgery, my medicines are included in my consultation fee, do i pay Zakaat for my stock of medicine or do i pay Zakaat on whats left in my bank balance once a year or do i pay Zakaat on all income made before expenses?
Please explain how to go about calculate my zakaat?

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Asked on November 2, 2008 12:00 am
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1) Evaluate and add to you assets. In it lies benefit for the poor.
2) Pay on paid up stock. also on bank balance basically Zakaat is on assets minus liabilities - 2 1/2 % of the equation result.
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Answered on November 2, 2008 12:00 am
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