The Month Long Fast Required of Muslims During the Month

question 33

Multiple Choice

The month long fast required of Muslims during the month of Ramadan is called

• A) shahada.
• B) salat.
• C) zakat.
• D) sawm.

---

Definitions:

Cash Flow Stream

A series of cash inflows and outflows over a period of time, often used in financial analysis and valuation.

Effective Return

The actual yield or rate of return achieved by an investment, accounting for compounding interest or reinvestments, as opposed to the nominal rate.

Compounded Daily

Refers to the process where interest earned is added to the principal daily, allowing the investment to grow at an accelerated rate due to the effects of compounding.

EAR

Effective Annual Rate, the interest rate on an investment or loan that considers compounding within the year.