If a man borrows a sum of money, say one hundred thousand riyals, is there zakah on it, and is the zakah due on the lender or the borrower? We ask for a detailed explanation of this.
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The questioner:
May Allah reward you and make your knowledge beneficial. If a man borrows a sum of money, say one hundred thousand riyals, is there zakah on it? And is the zakah due on the lender or the borrower? We ask for a detailed explanation. May Allah reward you with good.
The Shaykh:
Zakah is obligatory on the owner of the sum, who is the lender. It is obligatory on the owner of the sum, who is the lender, and he pays zakah on it. The debt is in the liability of the borrower if a year has passed over it, because it is his property. As for the borrower, he pays zakah on the money he has that he owns.
The presenter:
And if this loan is in his liability.
The Shaykh:
And if it is in his liability, this loan is in his liability. As for the money he has, he pays zakah on it when a lunar year has passed over it. Yes.
The presenter:
Meaning, the borrower pays zakah on this loan when a lunar year has passed over it.
The Shaykh:
It is on the lender. The lender pays zakah on the debt he has in the liabilities of people, whether it is loans or other debts. It is on the lender. As for the borrower, he pays zakah on his own money. And the zakah on the loan in his liability is not on him; rather, it is on the lender. Yes.
The presenter:
When is the zakah on this due? If the lender’s lunar year is about to complete on his money, for example in a month, and he lends to his companion.
The Shaykh:
He pays zakah on it. When a year has completed for him, he pays zakah on it, even if he lent it only a month ago, based on the lunar year that has completed for him, because it has not left his ownership. Because it has not left his ownership by lending it to the borrower, it has not left his ownership.
The presenter:
And is there no consideration of the borrower’s condition, whether he is wealthy or not?
The Shaykh:
That is another issue. If the debt is on a bankrupt person or a delinquent, and he does not know whether he will get it or not, then this is in the ruling of lost money that he does not know whether he will find or not. So he pays zakah on it when he receives it.
The presenter:
For one year.
The Shaykh:
For one year. As for the money that is on a wealthy person who pays when asked, this is like the money in the hand of its owner. When a year has completed for him, he pays zakah on it.
The presenter:
Even if it remains with the borrower.
The Shaykh:
For several years, because the right of the poor does not drop from him.
May Allah reward you and make your knowledge beneficial. If a man borrows a sum of money, say one hundred thousand riyals, is there zakah on it? And is the zakah due on the lender or the borrower? We ask for a detailed explanation. May Allah reward you with good.
The Shaykh:
Zakah is obligatory on the owner of the sum, who is the lender. It is obligatory on the owner of the sum, who is the lender, and he pays zakah on it. The debt is in the liability of the borrower if a year has passed over it, because it is his property. As for the borrower, he pays zakah on the money he has that he owns.
The presenter:
And if this loan is in his liability.
The Shaykh:
And if it is in his liability, this loan is in his liability. As for the money he has, he pays zakah on it when a lunar year has passed over it. Yes.
The presenter:
Meaning, the borrower pays zakah on this loan when a lunar year has passed over it.
The Shaykh:
It is on the lender. The lender pays zakah on the debt he has in the liabilities of people, whether it is loans or other debts. It is on the lender. As for the borrower, he pays zakah on his own money. And the zakah on the loan in his liability is not on him; rather, it is on the lender. Yes.
The presenter:
When is the zakah on this due? If the lender’s lunar year is about to complete on his money, for example in a month, and he lends to his companion.
The Shaykh:
He pays zakah on it. When a year has completed for him, he pays zakah on it, even if he lent it only a month ago, based on the lunar year that has completed for him, because it has not left his ownership. Because it has not left his ownership by lending it to the borrower, it has not left his ownership.
The presenter:
And is there no consideration of the borrower’s condition, whether he is wealthy or not?
The Shaykh:
That is another issue. If the debt is on a bankrupt person or a delinquent, and he does not know whether he will get it or not, then this is in the ruling of lost money that he does not know whether he will find or not. So he pays zakah on it when he receives it.
The presenter:
For one year.
The Shaykh:
For one year. As for the money that is on a wealthy person who pays when asked, this is like the money in the hand of its owner. When a year has completed for him, he pays zakah on it.
The presenter:
Even if it remains with the borrower.
The Shaykh:
For several years, because the right of the poor does not drop from him.
Source
قناة «العلامة الدكتور صالح الفوزان»، إذا اقترض رجل مبلغا نحو مائة ألف ريال، فهل فيه زكاة، وهل زكاته على مقرضه أو مقترضه، نرجو تفصيل ذلك؟ — youtube.com
The Arabic text is a machine transcription of the audio recording.