Zakat is one the essential part of Islam, and it is the fourth pillar of Islam. We can say Zakat is the sufficient amount of money that we give to needy people at the beginning of Ramadan. We provide an extraordinary amount of money that is clearly described in the Holy Quran.
Zakat is the way to purify our wealth, as we are Muslims, and according to us, it increases the amount of our money that we spend in the course of Allah and good deeds. We can say Zakat is another form of charity. You can also check how much it cost from Zakat Calculator UK.
We have a firm belief that if you spend money in Allah’s way, then Allah gives us more than our fulfillment. It also helps to purify someone’s character because it frees us from desires and greed. Zakat also reminds us that the wealth we have is just because of Allah’s blessing, and we are not taking it with us after death.
What does Zakat mean?
The literal meaning Zakat to purify means that it purifies the wealth that we generate from income. As we have believed in Allah, if you distribute money between the poor, Allah will give us more than our expectations.
7.5 tola gold
Zakat is compulsory on the 7.5 tola gold or above if we have this wealth for one year. Zakat on silver is if we have 52.5 tola silver or above. We can convert these into our national currencies for our convenience to quickly calculate the specific amount of money Zakat.
Zakat is 2.5 percent of the real money and wealth that we have for one year. So we can calculate the exact amount Zakat by using this value.
7.5 tola gold means that if we have had this amount of gold for one year or have the same amount of the money as equal the worth of 7.5 tola gold. So ZakaZakat that is compulsory on this gold can be easily found
Let’s assume the amount is 25,000 USD. … Now deduct your immediate expenditure from your current assets, which will be 25,000 -13,000 = 12,000 USD. To calculate Zakat now multiply 2.5% with the leftover amount: 2.5% x 12,000 USD = 300 USD is due for Zakat.
So using this example, we can calculate ZakaZakat for 7.5 tola gold.
First of all, convert the amount into your currency as we convert it into USD for our convenience
- 1tola gold= 648.50 USD
- 7.5tola gold=?
- 7.5 tola gold= 7.5*648.50
- 4863.75 USD
We can find the value Zakat from his value, divide this amount by 100 and multiply with 2.5. The remaining amount is the exact value Zakat from this gold value
4863.75/100*2.5
121.59 USD
This is the amount of money that you have to pay if you have 7.5 tola gold.
Benefits of the Zakat
- There are a lot of advantages to pay Zakat, here we mention some of them.
- Zakat increases the excellent relationship between Muslims.
- If everyone pays Zakat on time, then the poor can also live a good life.
- It will increase the love of Allah in our hearts.
- Allah becomes happy with people who spend on the poor.
- It decreases the more desires and greed from our character.
- It encourages us to help the needy and poor.
Final Verdicts
It’s hard to find that how much does it cost zakat for 7.5 tola gold. However, by reviewing the above instructions, you can find it easily. If you have any confusion further, you can ask any time.