Is zakat paid based on 2.5% per thousand or 2.5% of total bank balance ? Also, does this include multiple accounts as I have over £1000 in 1 account and only £20 in another account as well as £20 at home. So would I pay zakaat on £1040?
Jul 3rd, 2016
You pay 2.5% of whatever cash you possess for a lunar year.