Who is obligated to pay zakah on a debt: the creditor or the debtor?
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Question:
The questioner says: I have a sum of money, or I have a sum of money with one of my brothers, amounting to one million riyals. Is the zakah on me or on my brother?
Answer:
The zakah is on you. You are the one who owns this debt. You are the one who owns this debt, so you pay its zakah. The debtor pays zakah on what he has. The debtor pays zakah on what he has, because it is his money. As long as he has not repaid it, it is his money, and he pays its zakah. It is not said that this results in zakah being paid twice on the same money. It is not paid twice. You pay zakah on your money that is in the debtor's possession, and the debtor pays zakah on the money he has. The two zakah payments do not coincide on the same money. Unless the money belongs to one person. But if it belongs to two people, each pays zakah on his own money. Yes.
The questioner says: I have a sum of money, or I have a sum of money with one of my brothers, amounting to one million riyals. Is the zakah on me or on my brother?
Answer:
The zakah is on you. You are the one who owns this debt. You are the one who owns this debt, so you pay its zakah. The debtor pays zakah on what he has. The debtor pays zakah on what he has, because it is his money. As long as he has not repaid it, it is his money, and he pays its zakah. It is not said that this results in zakah being paid twice on the same money. It is not paid twice. You pay zakah on your money that is in the debtor's possession, and the debtor pays zakah on the money he has. The two zakah payments do not coincide on the same money. Unless the money belongs to one person. But if it belongs to two people, each pays zakah on his own money. Yes.
Source
لقاء مفتوح 14-09-1435هـ — alfawzan.live (24:29)
The Arabic text is a machine transcription of the audio recording.