Zakaat on Jewellery Over One's Debts
Question
If a person has a huge loan that he has to pay monthly, does zakaat become obligatory on the gold jewellery that is under his possession.
Answer
If after deducting the debt from the amount of jewellery and zakaatable wealth in your possession, you are still left with less than the nisaab amount then zakaat will not be compulsory.
References (Arabic / Urdu sources)
( وسببه ) أي سبب افتراضها ( ملك نصاب حولي ) نسبه للحول لحولانه عليه ( تام ) ... ( فارغ عن دين له مطالب من جهة العباد ) .( الدر المختار 2/259)
- Answered by
- Mufti Ebrahim Salejee (Isipingo Beach)
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