Question about Zakat

littleGizmo

New member
My wife and I had a combined income between our two jobs last year according to taxes files of $28,000 in US. We are low income earners. So if I am calculating it right total Zakat would be about $700?
 

sitarragul

New member
Jazak Allah khair so nice of you both zakat really very good thing if you are giving zakat it will clean and save your salaries or also its really a big swab.
 

theislamicquotes

Administrator
Staff member
My wife and I had a combined income between our two jobs last year according to taxes files of $28,000 in US. We are low income earners. So if I am calculating it right total Zakat would be about $700?
It depends on many thing like

Cash on hand and in bank accounts (savings, checking, etc.)


Refundable deposits (e.g. on rented apartment)


Non-delinquent loans (money you loaned to others)


Expected Tax refund


Gold, Silver and Precious Items


NumberShares, stocks, bonds, IRA, pension plans, options, etc.


Business cash on hand and in banks plus invoices due.


Net value of business inventory and trade goods


Net income you are entitled to as of Zakat due date (e.g. your next paycheck that you worked for already)


But generally based on the value you mentioned its 700$
 
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