The Zakat payable on 10 million dollars is
-
$250,000
- $50,000
- $150,000
- $200,000
The correct answer is: A
Explanation
The zakat payable on 10 million dollars is $250,000. The amount of zakat paid on capital assets (e.g. money) and stock-in-trade and jewelry is customarily 2.5% (1/40)