Assignment Question(s): (5.0 Marks)
Q1. Briefly explain whether Zakat is due on the following items or not? Please satisfy you answer with proper explanation. Answer in your words and do not copy from any source. (3 Marks).
Type of wealth | Your answer |
Tradable goods?
“Purchased goods in order to resale” |
|
Investment income? | |
Uninvested cash? | |
Charity items that were held for a lunar year before being given away? | |
Revenue-generating livestock? | |
Lost And Found Items? |
Q2. Discuss the importance of Zakat from an economic point of view. (2 Marks).
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