Is zakah obligatory on money that you have lent to a person?
Machine translationRead the Arabic original
Question:
He says: Honorable Shaykh, may Allah grant you success, if I lend a person a sum of money amounting to three thousand riyals, do I have to pay zakah on this money?
Answer:
Yes, if a lunar year has passed over your money, whether it is in your possession or in the debtor's liability, you must pay zakah on it. However, if you fear that this debt will not be repaid because the debtor is bankrupt or is delaying payment, and you do not know whether it will be returned to you or not, then you are not required to pay zakah on it until you receive it. But if you are confident that you will receive it, then you must pay zakah on it, because it is like the money in his hand. Yes.
He says: Honorable Shaykh, may Allah grant you success, if I lend a person a sum of money amounting to three thousand riyals, do I have to pay zakah on this money?
Answer:
Yes, if a lunar year has passed over your money, whether it is in your possession or in the debtor's liability, you must pay zakah on it. However, if you fear that this debt will not be repaid because the debtor is bankrupt or is delaying payment, and you do not know whether it will be returned to you or not, then you are not required to pay zakah on it until you receive it. But if you are confident that you will receive it, then you must pay zakah on it, because it is like the money in his hand. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، [3274- 4717] هل تجب الزكاة على المال الذي أقرضته للشخص؟ - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.