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Answer :
Zakat is typically calculated at a rate of 2.5% on the total value of assets held for a full lunar year, if the total income is above the Nisab threshold.
In this case, if the Total Annual Gross Income of Mr. Abdullah is SAR 33,800 and it exceeds the Nisab threshold, he would be liable to pay Zakat on his assets. If the Total Annual Gross Income of Mr. Abdullah is SAR 33,800 and his total annual liabilities are SAR 21,600, the Zakat calculation would typically be based on his net assets (total assets minus total liabilities). The exact calculation would depend on the specific assets held and their values.
Similar to the previous question, the Zakat calculation would depend on Mr. Abdullah's specific assets and their values. The total liabilities would be deducted from the total assets to determine the net assets on which Zakat is calculated.
If Mr. Abdullah has cash of SAR 33,800, Ingots of Gold & Silver worth SAR 16,600, and total annual liabilities of SAR 14,400, the Zakat calculation would typically be based on the net assets (cash + gold & silver ingots minus liabilities).
In this case, if Mr. Abdullah has cash of SAR 33,800, Ingots of Gold & Silver worth SAR -16,600, Investment Bonds worth SAR -10,000 (held for a full lunar year), and total annual liabilities of SAR 16,400, the Zakat calculation would be based on the net assets (cash + gold & silver ingots + investment bonds minus liabilities).
If Mr. Abdullah has cash of SAR -33,800, Ingots of Gold & Silver worth SAR -16,600, Investment Bonds worth SAR -10,000, and Investment in Gold Jewellery worth SAR -15,000 (held for a full lunar year), and total annual liabilities of SAR 16,400, the Zakat calculation would be based on the net assets (cash + gold & silver ingots + investment bonds + gold jewellery minus liabilities).
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