Who pays the zakah on borrowed money: the borrower or the lender?
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah grant you success. He says: I borrowed fifty thousand from a person. Who pays the zakah on this money, is it me or the one who lent it to me?
Answer:
You pay the zakah on what you own, and he pays the zakah on what he owns. The debts in the hands of people are paid by their owner because he owns them in their hands. He has debts and pays the zakah on them because they are his property in the hands of people. And the one who has, for example, a debt pays the zakah on what he owns if the lunar year has passed.
Honorable Shaykh, may Allah grant you success. He says: I borrowed fifty thousand from a person. Who pays the zakah on this money, is it me or the one who lent it to me?
Answer:
You pay the zakah on what you own, and he pays the zakah on what he owns. The debts in the hands of people are paid by their owner because he owns them in their hands. He has debts and pays the zakah on them because they are his property in the hands of people. And the one who has, for example, a debt pays the zakah on what he owns if the lunar year has passed.
Source
المنتقى من أخبار سيد المرسلين 18-01-1437هـ — alfawzan.live (49:20)
The Arabic text is a machine transcription of the audio recording.