Zakah on money that is subject to an installment debt
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah grant you success. The questioner says: I have one hundred thousand riyals in my account. I have one hundred thousand riyals in my account. At the same time, I bought a house on installments. And I pay one hundred thousand every year. He says: So what is it that I must pay zakah on? Or do I owe zakah?
Answer:
Yes, if the lunar year passes over the amount, you pay zakah on it, even if you have a debt. But if you pay it off before the completion of the lunar year, and you no longer have the minimum threshold (nisab) with you, then you do not owe zakah. Yes.
Honorable Shaykh, may Allah grant you success. The questioner says: I have one hundred thousand riyals in my account. I have one hundred thousand riyals in my account. At the same time, I bought a house on installments. And I pay one hundred thousand every year. He says: So what is it that I must pay zakah on? Or do I owe zakah?
Answer:
Yes, if the lunar year passes over the amount, you pay zakah on it, even if you have a debt. But if you pay it off before the completion of the lunar year, and you no longer have the minimum threshold (nisab) with you, then you do not owe zakah. Yes.
Source
المنتقى من أخبار سيد المرسلين 29-05-1433هـ — alfawzan.live (1:11:05)
The Arabic text is a machine transcription of the audio recording.