Which of the following statements are TRUE? I. Equity investments that are held for trading are liable

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Which of the following statements are TRUE?

I. Equity investments that are held for trading are liable for zakat.

II. Wages payable are not liable for zakat.

III. Dividends received and receivable are not zakatable.

IV. Works in progress are not zakatable.

a. I, II, and III

b. II, III, and IV

c. I, II, and IV

d. III and IV

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Related Book For  book-img-for-question

Principles Of Islamic Accounting

ISBN: 9781119023296

1st Edition

Authors: Nabil Baydoun, Maliah Sulaiman, Roger J. Willett, Shahul Ibrahim

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