A brother and sister would like to know how much the amount of zakat is eligible to be paid for the following:
House valued at approx. 130.000
Mortgage on the house approx 158.00
Savings (gold and silver and cash) 34.00
Is the amount payable on (130-158+34= 6) or on the 34?.
Which people can receive the zakat?
Thank you kindly.
A`udhu billahi min ash-shaytan ir-rajeem
Bismillahi ‘r-Rahmani ‘r-Raheem
Zakat is payable on 34.000 only.