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Questions and Answers
What is the Nisab amount in Egyptian Pounds, given that the price per gram of pure gold is 4000 Egyptian Pounds?
What is the Nisab amount in Egyptian Pounds, given that the price per gram of pure gold is 4000 Egyptian Pounds?
- 450,000 Egyptian Pounds
- 340,000 Egyptian Pounds (correct)
- 255,000 Egyptian Pounds
- 510,000 Egyptian Pounds
What is the Zakāh rate in a solar/calendar year of 365 days?
What is the Zakāh rate in a solar/calendar year of 365 days?
- 1.5%
- 2.577% (correct)
- 3%
- 2%
How is Sadaqah defined?
How is Sadaqah defined?
- A specific type of business investment
- Voluntary charity (correct)
- Compulsory almsgiving
- Payment made to fulfill Zakāh requirement
What are the types of benevolent offerings mentioned in the text?
What are the types of benevolent offerings mentioned in the text?
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Who are the recipients of Zakāh according to the text?
Who are the recipients of Zakāh according to the text?
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In Islamic finance, what does Nisab represent?
In Islamic finance, what does Nisab represent?
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Which category does Sadaqah fall under?
Which category does Sadaqah fall under?
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Sadaqah differs from Zakāh in that:
Sadaqah differs from Zakāh in that:
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Wasiyyah is closely related to which aspect of Islamic practice?
Wasiyyah is closely related to which aspect of Islamic practice?
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Sadaqah can be best described as:
Sadaqah can be best described as:
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