The zakah on money lent out for a period of five years
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah grant you success. A man lent his brother money for a period of five years. He says: After this period, how does he pay the zakah on this money?
Answer:
If the borrower is in financial difficulty, and you do not know whether you will be able to recover your loan from him or not because of his financial difficulty and poverty, then he owes no zakah until you receive it. If you receive it, you pay zakah on it for one year only, the year of receipt. However, if he is wealthy and able to pay, but you were lenient with him and left it, then zakah is obligatory on this amount every year. You pay one-quarter of a tenth on it for every year.
Honorable Shaykh, may Allah grant you success. A man lent his brother money for a period of five years. He says: After this period, how does he pay the zakah on this money?
Answer:
If the borrower is in financial difficulty, and you do not know whether you will be able to recover your loan from him or not because of his financial difficulty and poverty, then he owes no zakah until you receive it. If you receive it, you pay zakah on it for one year only, the year of receipt. However, if he is wealthy and able to pay, but you were lenient with him and left it, then zakah is obligatory on this amount every year. You pay one-quarter of a tenth on it for every year.
Source
قناة «العلامة الدكتور صالح الفوزان»، 79 من 83 / شرح مختصر زاد المعاد / هديه في علاج المصيبة / صالح الفوزان / السيرة / كبار العلماء — youtube.com (1:12:10)
The Arabic text is a machine transcription of the audio recording.