Zakaat on loans owed to a person
Question
I always paid zakaat on monies people owed to me regarding this as an asset. My question after listening to this mornings audio (zakaat on waived debt), does this mean I do not have to pay zakaat on monies due to me from loans given to a friend, family until such time as the money is repaid to me.
Answer
Zakaat is waajib upon loans that are owed to you.
For further details, refer to http://muftionline.co.za/node/38 and http://muftionline.co.za/node/15361.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Zakaria Makada
- Checked & approved by
- Mufti Ebrahim Salejee (Isipingo Beach)
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