answer the following questions 1 page

Assignment Question(s):(3 Marks)

Q1. A Saudi individual has submitted his zakat return including the following information for 1439H (amounts in SR) (2 Marks)

1. Owns an investment building at a book value of 200,000 and with market value of 300,000, the investment building produced a monthly rental value of 10,000, actual total expenses incurred of getting the income is of 20,000.

2. Owns an investment car at a book value of 100,000 and with market value of 150,000, the car produced annual revenues of 100,000, actual total expenses incurred of getting the income is of 15,000.

Required: Calculate the receptacle of the zakat for each kind of zakat 1439 H.

Q3. Growth is an important condition for assents to be eligible for Zakat. Discuss the importance of growth and the reason behind requiring such rule. (In your own words DO NOT copy from any source). (1 Mark)

 
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