10 Questions
Ṣadaqah is giving with the intention of receiving something in return.
False
Benefactors determine the amount of Ṣadaqah.
True
Ṣadaqah only encompasses financial acts in Islamic thought.
False
Speaking kind words is an example of a finance-related act of Ṣadaqah.
False
Wasiyyah is a compulsory charity in Islam.
False
The maximum net wealth that can be allocated through Wasiyyah is half of one's assets.
False
The one-third limit for Wasiyyah is a minimum requirement in Islam.
False
Legal heirs receive the full estate if Wasiyyah is not specified by the deceased.
True
Zakāh must be paid on all types of wealth, regardless of its value.
False
Zakāh rate is always 2.5% of one's total wealth.
True
Learn about Nisab in Islamic finance, which is the minimum amount that makes payment of Zakāh compulsory. Discover how Zakāh proceeds are distributed among various categories identified in the Holy Qur’an.
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