Neco 2019 Islamic Religious Studies Question 2
Practice objective / multiple choice question 2 from the 2019 Neco Islamic Religious Studies examination.
A Muslim businessman possesses the following assets: cash of \(250,000\) Naira, gold valued at \(180,000\) Naira, and trade goods worth \(600,000\) Naira. The nisab thresholds are: cash \(300,000\) Naira, gold \(150,000\) Naira, and trade goods \(500,000\) Naira. He also has an immediate debt of \(50,000\) Naira that must be paid within the year. Zakat is levied at \(2.5\%\) on each asset that meets its nisab, after deducting the debt from the total zakatable wealth. Calculate the total zakat the businessman must pay.
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About This Question
This is Neco 2019 Islamic Religious Studies Question 2. It is one of the objective questions from the 2019 Neco Islamic Religious Studies examination.
Difficulty level: Hard .
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