Question
Answer the following question in the answer space provided: Fuad and Saja lives in Selangor. They have paid their zakat on Mal al-Mustafad and Mal
Answer the following question in the answer space provided:
Fuad and Saja lives in Selangor. They have paid their zakat on Mal al-Mustafad and Mal al-Mustaghallat accordingly.
Their list of assets with current values are as follows:
Asset | Fuad (RM) | Saja (RM) |
Bank Muamalat Al-Wadiah Account | 50,000 | 80,000 |
Lembaga Tahun Haji | 20,000 | 20,000 |
Bank Islam Shares | 1,500 | 3,000 |
Maybank shares | 4,000 | 0 |
Bank Negara Sukuk | 3,000 | 0 |
Gold bars 999.99 | 0 | 140 grams |
Public Islamic Asean Growth Fund | 10,000 | 0 |
Public Singapore Equity Fund | 15,000 | 0 |
The nisab rate for Selangor in 2019 is 85 grams of gold (RM170 per gram). Compute zakat on assets for Fuad for the year 2019.
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