Zakah on a debt owed by a wealthy debtor who delays payment
Machine translationRead the Arabic original
Question:
Does the wealthy person who delays payment have to pay zakah on the money he has, or does he not?
Answer:
Zakah is due on the creditor, not on the debtor. However, if the debt is owed by a delinquent debtor and one does not know whether he will receive it or not, there is no zakah on it until he receives it. Once he receives it, he pays zakah on it for one year. Yes.
Does the wealthy person who delays payment have to pay zakah on the money he has, or does he not?
Answer:
Zakah is due on the creditor, not on the debtor. However, if the debt is owed by a delinquent debtor and one does not know whether he will receive it or not, there is no zakah on it until he receives it. Once he receives it, he pays zakah on it for one year. Yes.
Source
قناة «مكة و المدينة»، 01 / فتاوى على الهواء - 10 01 1435هـ _ الشيخ صالح الفوزان — youtube.com (21:20)
The Arabic text is a machine transcription of the audio recording.