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Wednesday, September 30, 2009

Zakaat on Kruger Rand

Q: How does one calculate the zaakat on a Kruger Rand?
A: You need to ascertain the current value of the Kruger Rand and then calculate 2.5 percent of the value. That will be your zakaat. The value can be checked in local newspapers or from your local Ulema bodies. If you are unable to get the value, write back to us.

Mufti Siraj Desai