Question

A Saudi individual has submitted his zakat return including the following information for 1439H (amounts in...

A Saudi individual has submitted his zakat return including the following information for 1439H (amounts in SR)

1. Owns an investment building at a book value of 200,000 and with market value of 300,000, the investment building produced a monthly rental value of 10,000, actual total expenses incurred of getting the income is of 20,000.

2. Owns an investment car at a book value of 100,000 and with market value of 150,000, the car produced annual revenues of 100,000, actual total expenses incurred of getting the income is of 15,000.

Required: Calculate the receptacle of the zakat for each kind of zakat 1439 H

Business   Accounting   
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Answer #1

Market Value of the asset has been considered as the Income, if this is not considered as income then Zakat 1439H is 4625/- , 2.5% on operational income of 185000/-..

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