Prayers & Duties >> Zakat & Charity

Question # : 2658

India

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

Answer : 2658

Published on: Jan 29, 2008

بسم الله الرحمن الرحيم


(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 knows Best!


Darul Ifta,
Darul Uloom Deoband

Related Question