ASSIGNMENT

• Describe the concept of Zakah

• Describe Zakatul-Fitr and its purpose

• Discuss paying Zakatul-Fitr in money instead of food

• Name the recipients of Zakatul-Fitr

• Explain the annual rule for calculating alms on money

• Describe the purpose of the rule of independence of each year

• Explain why alms are not due on fixed assets or things for personal use

• Define the term abounding

• Define the term Nisab and explain how it is calculated

• Describe the kinds of money or activity that uses the gross amount for calculations

• Describe the kinds of money or activity that uses the net amount for calculations