c (on fixed deposit one year has not been completed) and also I have bank loan on 4,70,000/-. Please tell me how much zakah I should pay in this Ramadan?
Answer
(Fatwa: 1398/855/D=1432)
It is wajib to pay zakah on the total gold price and on 2.5 lakh amount. For what purpose you have taken loan from bank? And in which shape it is present, make it clear then the second part shall be answered.
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband