Question: * please I need the answer as soon as possible Q. 3 If Ahmed's wealth was calculated at the end of the month of Dhul-Hijah

* please I need the answer as soon as possible Q.

* please I need the answer as soon as possible

Q. 3 If Ahmed's wealth was calculated at the end of the month of Dhul-Hijah as follows: Gold weighing 40 grams, gram price 50 riyals. silver coins 1000 riyals 500 dinars, the exchange rate of the dinar 10 riyals a current account with the Islamic Nation Bank of 6000 riyals shares of 1000 shares, the market value of the share 5 riyals an investment deposit with the Islamic Bank of Egypt 1500 riyals investment certificates 2000 riyals an amount in the savings book of 1000 riyals and amount of 500 riyals cash - What is the amount of zakat due by Ahmed

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q.1 Explain the following rules of Zakat: 1- The annual rule. 2- The rule of actual or assumed growth. (2 Marks ) Q.2 What money is eligible for Zakat and what is the conditions of obligatory alms?...

please do not hand writing Q. 1 If Ahmeds wealth was calculated at the end of the month of Dhul-Hijah as follows: Gold weighing 40 grams, gram price 50 riyals. silver coins 1000 riyals 500 dinars,...

Q. 3 If Ahmeds wealth was calculated at the end of the month of Dhul-Hijah as follows: Gold weighing 40 grams, gram price 50 riyals. silver coins 1000 riyals 500 dinars, the exchange rate of the...

Course Name: Tax and Zakat Accounting Course Code: ACCT 422 3 If Ahmeds wealth was calculated at the end of the month of Dhul-Hijah as follows: Gold weighing 40 grams, gram price 50 riyals. silver...

Q. 3 If Ahmeds wealth was calculated at the end of the month of Dhul-Hijah as follows: Gold weighing 40 grams, gram price 50 riyals. silver coins 1000 riyals 500 dinars, the exchange rate of the...

If Ahmeds wealth was calculated at the end of the month of Dhul-Hijah as follows: Gold weighing 40 grams, gram price 50 riyals. silver coins 1000 riyals 500 dinars, the exchange rate of the dinar 10...

List four basic financial statement analysis procedures, describe how you would calculate each procedure and discuss why you would use each procedure. In your initial response, please do not use...

I need help with Section 4 part A please look at the case study Assignment Tier 1 Financial Planning (Tier1FPPA_AS_v1A3) Page 2 of 92 Student identification (student to complete) Please complete the...

i need help from section 3 part A I have already posted this and you asked me to post under advanced option Assignment Tier 1 Financial Planning (Tier1FPPA_AS_v1A3) Page 2 of 92 Student...

Im having trouble with question 3 part A of the attached file. I know and understand her needs but im not sure if im filling out the table correctly ? Assignment Tier 1 Financial Planning...

USING 2018 CONSOLIDATE STATEMENT OF FINANCIAL POSITION AND NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FROM THE ANNUAL REPORT OF ADIDAS COMPANY, PLEASE ANSWER THE FOLLOWING QUESTIONS. ACCOUNTS...

Use virtual base class inheritance to resolve the following dreaded diamond problem. Student Student class having data members: Protected: roll no ,name Sports class having data members: Protected:...

Which of the following capital assets are least Bely to be considered infrastructure assets of a state or local eovernment? Bulding: Rash Sewer mytems Ulyting mytems

a=2 b= 0 c= 2 d=0 e=0 f=9 g=3 5. Draw the Network diagram for the following project. Estimate the Earliest start time and Latest finish time for each activity. If every day it cost 200 rials for this...