10 Questions
What is the period for Haul in the context of Zakat on Wealth?
355 days
Which assets are considered for Zakat on Wealth according to the text?
Cash, silver, stocks, cattle, grains
What is the Nisab threshold for gold in terms of grams?
86 grams
When does Zakat on Wealth become an obligation according to the text?
When the total wealth exceeds the Nisab value throughout one Haul period
What does 'Haul' refer to in the context of Zakat on Wealth?
A period of 1 Islamic (Hijri) year
What is the literal meaning of Zakat?
Purification
Who is obligated to fulfill Zakat Fitrah?
Every Muslim
When is Zakat on Wealth (Harta) obligatory?
Once Nisab and Haul are complete
What is the fixed portion for Zakat Fitrah?
1 saa’ = Fixed portion for every Muslim
What type of wealth does Zakat on Wealth apply to?
Various types of wealth
Learn about the definition of zakat, types of zakat, conditions to fulfill zakat on wealth, zakat fitrah, zakat vs infak, the 8 asnaaf, and benefits of fulfilling zakat in this module.
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