Zakaat Q&A (16/26)
Question
Do I have to pay Zakāt on money I have given to a brother as a loan?
Answer
Zakāt is compulsory on debt receivables arising from forwarding a loan or selling stock on credit. The total outstanding balance will be added to one’s gross assets.
Fatawa SA is an independent, read-only index of fatawa already published by Jamiatul Ulama KZN. It is not a fatwa service. For your own situation, ask the issuing Darul Ifta directly.