( Current Gold Rate of 24 Carat Gold is 181.32 & Silver is at 2.12 SAR per 1 Gram on October 05,…

( Current Gold Rate of 24 Carat Gold is 181.32 & Silver is at 2.12 SAR per 1 Gram on October 05, 2019. Current Dollar rate is 3.75 Riyals & British Pound = 4.63 SR. The market price of Al Rajhi Bank’s share is SR-60 per share )

Q-12 – Cash on wealth
Calculate Zakat on Cash on wealth from the following wealth of Mr. Kahled Al-Johani :
 Saudi Riyals in hand —- 25,000;
 American Dollars in hand —- $ 5,000 ;
 24 Carat Gold 145 gms and Silver 525 gms ;
 Gold Jewellery (exceeding normal use for 1 years) — 80 gms ;
 Pound Sterling in hand — 850 ;
 Ingots of gold — 150 gms and Silver — 65 grms ;
 Investment bonds — 250 @ 150 SR each (market price) ; and
 Debts which must be paid by Mr. Khaled Al Johani — SR – 49,000.
Calculate Zakat for Mr. AlJohani

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