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Exercise 01 Mr. Abdullah owns a piece of land which has been grown by...

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Accounting

Exercise 01

Mr. Abdullah owns a piece of land which has been grown by him with dates and the output reaches 1,000 kg.

It was founded as following :

The various expenditures spent (labours and miscellaneous expenses) reached SR10,000.

He has paid portion of the loan of SR- 4,000

The Land was irrigated with the rainwater, the whole year.

Required : Calculation of zakat if the price of one kg of dates is 50 Riyals

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