The Ruling on the Zakah of Money Owed to a Creditor
Machine translationRead the Arabic original
Question:
A person, who is a relative and a colleague of mine, borrowed a sum of money from me, approximately twenty thousand, due to his financial hardship. He did not repay it to me until after six years. Do I pay zakah on this money, or is the zakah his responsibility?
Answer:
If he was in financial hardship and unable to pay during these years, then there is no zakah on this money for the creditor, because he does not know whether he will receive it or not. Rather, he pays zakah on it in the year of receipt, for one year only, which is the year of receipt. Yes.
A person, who is a relative and a colleague of mine, borrowed a sum of money from me, approximately twenty thousand, due to his financial hardship. He did not repay it to me until after six years. Do I pay zakah on this money, or is the zakah his responsibility?
Answer:
If he was in financial hardship and unable to pay during these years, then there is no zakah on this money for the creditor, because he does not know whether he will receive it or not. Rather, he pays zakah on it in the year of receipt, for one year only, which is the year of receipt. Yes.
Source
نور على الدرب - الفوزان - 03/128 — archive.org (11:33)
The Arabic text is a machine transcription of the audio recording.