Fuad and Saja lives in Selangor. They have paid their zakat on Mal…

Question Answered step-by-step Fuad and Saja lives in Selangor. They have paid their zakat on Mal… 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:AssetFuad (RM)Saja (RM)Bank Muamalat Al-Wadiah Account50,00080,000Lembaga Tahun Haji20,00020,000Bank Islam Shares1,5003,000Maybank shares4,0000Bank Negara Sukuk3,0000Gold bars 999.990140 gramsPublic Islamic Asean Growth Fund10,0000Public Singapore Equity Fund15,0000The 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.           Law Social Science Tax law Share QuestionEmailCopy link Comments (0)