The zakah of a debt owed by a debtor

Question:
The questioner says: Honorable Shaykh, I had borrowed a sum of money from a colleague of mine, and a lunar year has passed, yet the amount is still with me and I have not repaid it due to my inability to pay. How do we discharge this debt? Is it upon me or upon the one who lent me the money?

Answer:
The zakah on the amount is upon the one who lent it to you, upon its owner who possesses it, that is, the creditor, who pays the zakah on it. And you, if you have any of it in your hand and a lunar year has passed, and it reaches the nisab, or together with the money you have, you pay the zakah on it. Also, everyone pays zakah on what he owns. So the creditor and the lender pay zakah on what he owns, because you owe him money in your liability, which he owns, so he pays zakah on it. As for you, you pay zakah on what is in your hand, from the money that reaches the nisab. Yes.