What is Zakat calculated as a percentage of eligible wealth?
A
1.5%
B
5%
C
10%
D
2.5%
Correct Answer: Option D — 2.5%
Explanation:
Zakat is obligatory charity calculated at 2.5% of a Muslim's eligible savings and wealth held for one lunar year above the Nisab threshold. It is distributed among specific categories of recipients defined in the Quran.