Zakat is NOT obligatory on which of the following?
A
Gold and silver
B
Trade goods
C
Agricultural produce
D
Personal residence
Correct Answer: Option D — Personal residence
Explanation:
A person's personal residence used for living purposes is exempt from Zakat, as Zakat applies only to wealth that grows or has the potential...
A person's personal residence used for living purposes is exempt from Zakat, as Zakat applies only to wealth that grows or has the potential to generate income, such as savings and trade goods.