Question
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
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 both Fuad and Saja for the year 2019.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started