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Home Assignment II Exercise No. (3): The money wealth of a Muslim woman was estimated on 30/12/1441 H as follows: - Pieces of jewelry were
Home Assignment II Exercise No. (3): The money wealth of a Muslim woman was estimated on 30/12/1441 H as follows: - Pieces of jewelry were given to her by her husband on the occasion of their marriage with a market value of SR 100000, and the value of them at the time of the gift was SR 70000 and maintained for beautification. - Jewelry acquired for investment with a market value of SR 150000 - The balance of her account in Faisal Islamic Bank is SR 30000 and USS 20000. - Bonds of nominal value of SR 250000 and their received interest amounted to SR 15000, which was waived and did not receive from the bank when it became known that it was usury. - Ordinary shares in X Company with a par value of SR 100000 and their market value of SR 120000. - She is entitled to receive debt on one of the Muslims of SR 60000, which is collectible. As well, as must pay a credit of SR 30000. - She has a gold medal obtained from the government for winning the best scientific research with a market value of 35000, possessing it as a souvenir. - SR 30000 Deposit in an investment fund does not charge anything. Required: Calculate the zakat receptacle and the amount of zakat due on this woman if you know that: 1. The exchange rate of the US dollar is 3.75 riyals. 2. The price of a pure gram of gold is 200 riyals. 3. Estimated customary limit of ornamental jewelry by 30000 riyals
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