Islamic Taxation | MCQs

Explanation

The zakat is levied on five categories of property.

Food grains

fruit

camels

cattle

sheep

 goats; gold and silver; and movable goods—and is payable each year after one year's possession.

Explanation

Nisab is the minimum amount of net capital that a Muslim must possess in order to be eligible to pay Zakat, which is prescribed as the equivalent of 87.48 grams (7.5 tola) of gold and 612.36 grams (52.5 tola) of silver, respectively.

Explanation

Ushr is collected on compulsory basis at a rate of 5 percent of the produce from every landowner.

unless they fail to meet the definition of sahib-e-nisab,

producing more than 849 kilograms of wheat, or its equivalent in value.

Explanation

Jizya tax was imposed on Non-Muslims during the Holy Prophet's (PBUH) life

But it was formalized during Caliph Umar bin Khatab.

Explanation

صدرمملکت جنرل محمد ضیا ٗ الحق نےزکاة و عشر آرڈیننس 20جون 1980 کو جاری کیا

The "Zakat and Ushr Ordinance" was issued by  General Muhammad Zia-ul-Haqon  on 20 June 1980