The ruling on the zakah of money borrowed from the bank

Question:
Abu 'Abdullah has a question. He says: I have an amount that I took from the bank in installments about four months ago. My question is: Do I pay zakah on this money along with the zakah of my usual wealth, or do I wait until a lunar year has passed over it? And is the passing of the lunar year measured on the same day, or can it be paid at any point during the full month?

Answer:
It is obligatory to pay the zakah of money when a full lunar year has passed over it from the time you took possession of it. You took possession of the loan by taking it from the lender; this is the start of its lunar year. So when a full lunar year has passed and it is still with you, zakah becomes obligatory on it. If you hasten to pay its zakah and pay it along with the money you have that has already completed a lunar year, there is no harm in that. The important thing is that you purify this money, either by paying it early along with the rest, or by delaying it until a full lunar year has passed over it. Yes.