zakat 2.5% and Nisab is 87.48.

QUESTION 1 (4 Marks)

Ahmad has the following assets and debts for Hijri 1441.

69,000 OMR cash and Money at bank account (50,000 from previous years, 19,000 this year.)

1,500 Grams of Gold (1 gram of gold is 16 OMR) (All bought this year.)

5,000 Grams of Silver (1 gram of silver is 2 OMR) (All bought this year.)

40,000 OMR 1 House (He lives with family for 10 years)

10,000 OMR 1 Car (he uses with family for 4 years)

50,000 OMR 1 Store building (Ahmad buys the building 4 months ago)

4,000 OMR Rent Income for Store building

7,000 OMR 1 Car (Used as Taxi) (He buys this taxi 3 years ago.)

3,400 OMR Income from Taxi

53,000 OMR Family expenses

42,000 OMR loan debt.

A Is Ahmad responsible for Zakat? If he is responsible, how much should he pay?

B In Hijri year 1442, family expenses increase by 20% and Cash decreases by 6,000. How would you calculate Zakat for Ahmad?

QUESTION 2 (2 Marks)

What are different measures of Nisaab? Using your own words give at least two (2) more commodities which are used in determining Nisaab amount.

QUESTION 3 (4 Marks)

Using your own words describe roots of Shariah and Basics of Shariah in Islam by giving different references from three (3) or more different sources. (If you give definitions from book, you will get 0 - zero) (If you write same things with your friends both students will get 0 zero.)