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How do I calculate Zakat on Savings for my multiple accounts? Can I take the lowest amount from each of my account books and take 2.5% as my Zakat on Savings?
muis
Calculation which takes the lowest amount in each account and then multiplying 2.5% of it is not accurate because there is a possibility that the lowest amount in each account would fall below the nisab value (and thus not liable for Zakat) but in actuality when summed up would exceed the nisab value (and thus liable for Zakat).
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