Azman invested RM65,000 in a public mutual fund in 2012. The price of the fund per share in 2012 was RM17.00. The fund does not give any dividend. He held the stocks for three years and then sold them in 2015 at RM25 per share. Based on the above statement, would he pay zakat? If so how much? Note: The current value of Nisab is RM11,830

Azman invested RM65,000 in a public mutual fund in 2012. The price of the fund per share in 2012 was RM17.00. The fund does not give any dividend. He held the stocks for three years and then sold them in 2015 at RM25 per share. Based on the above statement, would he pay zakat? If so how much? Note: The current value of Nisab is RM11,830

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter13: Investing In Mutual Funds, Etfs, And Real Estate

Section: Chapter Questions

Problem 7FPE

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