Prayers & Duties >> Zakat & Charity
Question ID: 2658Country: India
Answer ID: 2658
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