Prayers & Duties >> Zakat & Charity

Question ID: 54677Country: AU

Title: Zakat after liabilities

Question: I have 70000 cash in bank, but within this month (in 1 week time) I need to pay 50000 to the bank for my liabilities. Do I have to pay zakah on 70000 or (70000-50000 = 20000). Please clarify.

Answer ID: 54677Posted on: Aug 29, 2020

Bismillah hir-Rahman nir-Rahim !

(Fatwa: 1320/902/L=10/1435) In the above mentioned case, zakah shall be wajib only on 20000 rupees provided you possess other wealth which makes you sahib nisab and one year has passed over it.

Allah (Subhana Wa Ta'ala) knows Best

Darul Ifta,

Darul Uloom Deoband, India

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Title: Zakat after liabilities

Question: I have 70000 cash in bank, but within this month (in 1 week time) I need to pay 50000 to the bank for my liabilities. Do I have to pay zakah on 70000 or (70000-50000 = 20000). Please clarify.

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