Having met all the conditions for the payment of Zakāh,Mallam Ibrāhim has five hundred Naira. How much should he pay as Zakāh from this amount?

Answer Details

Zakāh is one of the five pillars of Islam and is an obligatory act of worship. It is a prescribed percentage of a Muslim's wealth that must be given to the poor and needy. The amount of Zakāh paid is dependent on the amount of wealth a person has and varies depending on the type of wealth. For cash and cash equivalents, such as the amount Mallam Ibrāhim has, the Zakāh rate is 2.5%. Therefore, to calculate the Zakāh amount, he should multiply the amount he has by 2.5% or 0.025. 500 * 0.025 = N12.50k Therefore, Mallam Ibrāhim should pay N12.50k as Zakāh from his N500.