Zakah on a loaned amount for purchasing a car
Machine translationRead the Arabic original
Question:
The questioner says: I borrowed an amount from the bank to buy a car, but I did not complete the transaction and I could not find a suitable car, and the price of cars went up. Does my amount become subject to zakah?
Answer:
Yes, if it reaches the nisab (minimum threshold for zakah) and a lunar year has passed over it, then zakah is obligatory on it. Yes.
The questioner says: I borrowed an amount from the bank to buy a car, but I did not complete the transaction and I could not find a suitable car, and the price of cars went up. Does my amount become subject to zakah?
Answer:
Yes, if it reaches the nisab (minimum threshold for zakah) and a lunar year has passed over it, then zakah is obligatory on it. Yes.
Source
لقاء الجمعة الطائف-16-11-1440 — alfawzan.live (30:51)
The Arabic text is a machine transcription of the audio recording.