Prayers & Duties >> Zakat & Charity

Question ID: 2658Country: India

Title: If I lend some money out of my savings or I borrow money,whether i will have to pay zakat on these amounts?

Question: If I lend some money out of my savings or I borrow money,whether i will have to pay zakat on these amounts?

Answer ID: 2658Posted on: Sep 1, 2020

Bismillah hir-Rahman nir-Rahim !

(Fatwa: 759/743=L)

One has to pay zakah of the money he has given as debt provided the credited money and other wealth of him are equivalent to zakah-liable amount and they are in his possession from one lunar year. But, in case of taking debt zakah is not liable on the debt amount.

Allah (Subhana Wa Ta'ala) knows Best

Darul Ifta,

Darul Uloom Deoband, India

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Title: If I lend some money out of my savings or I borrow money,whether i will have to pay zakat on these amounts?

Question: If I lend some money out of my savings or I borrow money,whether i will have to pay zakat on these amounts?

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