The Prophet (peace and blessings of Allaah be upon him) said: âThe time for âAsr lasts until the sun turns yellow.â. We know that the time for âAsr begins when the time for Zuhr ends, i.e., when the length of an objectâs shadow becomes equal to the length of the object itself. There are two times for the end of âAsr.
Annum is the Latin word for year. Per annum means: By the year; annually; yearly. This term is mostly used in banking in reference to a sum of money paid or received.For example, $100 at5% interest per annum is $100 (1 + .05) = $105.nswer added by: Rehan Qureshi Chief Financial Officer (CFO) 1 year ago. Per annum means yearly or annually. For example, if a business charges its customers1.5% per month on any unpaid balance, the per annum rate is18%. The per annum rate was the result of1.5% X12 months in a year.
Per Annum. When interest is stated as per annum, it means the interest will accrue ever year. Per annum is Latin for each year.. If the interest is non-compounding, the same amount of interest will accrue each year.For example, if a borrower takes out a $100 loan at 5 percent interest per annum and takes five years to repay the loan, the interest due at the end of those five years will be $25.Related Reading: The Allowable Interest Rate on Promissory Notes.or example, if a borrower takes out a $100 loan at 5 percent interest per annum and takes five years to repay the loan, the interest due at the end of those five years will be $25. Related Reading: The Allowable Interest Rate on Promissory Notes.