Taxation Laws | MCQs

Explanation

Nisab of zakat for silver is 52 1/2 tola

Zakat literally means Purification.

When Zakat was made compulsory in 2 A.H (properly implemented in 8 Hijri.

The word Zakat occurs 32 times in the Holy Quran.

Hazrat Abu Baker did Jihad on the issue of Zakat.

Without which act the prayer is useless? Zakat

One who disbelievers in Zakat is a Kafir

“Zakat” is the treasure of Islam, who said this? Holy Prophet (PBUH)

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Explanation

• there is no Zakat on diamonds or coloured gemstones while one owns them as adorns or decorations in regular quantities and not in measures of identified extravagance, or in forbidden paperwork, or for prohibited makes use of.
• via a long way, women's jewelry money owed for his or her most commonplace Zakat exemption.