| What is meant by the rate of Zakáh? |
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| Zakáh is payable and calculated at a fixed rate of one fortieth or 2.5 % on the possession of wealth in the form of gold, silver, merchandise and cash by a person who possesses the Nisáb (the minimum amount of wealth which makes one liable to pay Zakáh). Household effects such as furniture, crockery, personal clothing etc. are generally exempted from the application of Zakáh. |
