WorksheetsQuiz 1_BWFS3033
Total questions: 10
Worksheet time: 3mins
Which of the following is NOT a condition for zakat payment?
Complete nisab
Complete hawl
Income in nature
All taxpayers
Which concept is zakat on employment levied on muslims based?
Mustaghallat sources
Mustafad
Mithqal
Nisab
Zakat on savings in the Employees Provident Fund (EPF) is compulsory when it meets the nisab and hawl. It can be calculated by multiplying 2.5% with all of the following EXCEPT:
Annual contribution by the employees
All amounts of savings after a year of receipt
All amounts of savings withdrawn from EPF and after deducting the employers’ contribution
All amounts of savings once they are withdrawn from the EPF
Which one of the following statements is NOT TRUE?
Zakat on listed shares can be calculated based on the dividend received
Zakat on shares can be calculated based on holding shares or traded shares
Zakat on traded shares is calculated by multiplying 2.5% with the total value of shares held at the end of the period
Zakat on shares is compulsory if the company that issues the shares has not paid zakat on its business
How much is the nisab of the amount of financial assets payable to zakat?
75g of gold
85g of gold
80g of gold
70g of gold
All of the following are reasons why old is used as the indicator for zakat payments EXCEPT:
It takes into account inflation in the economy
It reflects the purchasing power in the economy
Its value is more stable as it is backed by gold commodity
Its value is determined by the demand and supply of money in the economy
Which statement is TRUE on the value that should be taken to calculate zakat payable on shares traded during a year?
Dividends received
Market value – financing cost
Cost of purchase – financing cost
Total value of shares sold – acquisition cost – financing cost
The formula for zakat on wealth is (a)
How to calculate the zakat due?
(a)
All of the following are management and administration of zakat in Malaysia EXCEPT:
The federal government has limitation from involving the zakat collection
It is controlled by the State Islamic Religion Councils
Terengganu was the first state to establish its own State Islamic Religion Councils
The first time State Islamic Religion Councils being incorporated since 1990s
