The Ruling on the Zakah of a Debt Owed by Others
Machine translationRead the Arabic original
Question:
Abu Hashim from Riyadh says: I have debts owed to me by people, and I have debts that I owe to other people. Is there zakah on the debt that is owed to me?
Answer:
Without a doubt, because it is your property. As long as it is your property, its zakah is obligatory upon you, unless the debt is owed by someone who is delaying payment or is bankrupt, and you do not know whether you will recover it or not. In that case, there is no zakah on it until you receive it. Once you receive it, you pay zakah on it for one year. It was also said that you pay zakah on it when a year has passed after receiving it. The important point is that once you receive it, it becomes subject to zakah because you have gained control over it. Yes.
Abu Hashim from Riyadh says: I have debts owed to me by people, and I have debts that I owe to other people. Is there zakah on the debt that is owed to me?
Answer:
Without a doubt, because it is your property. As long as it is your property, its zakah is obligatory upon you, unless the debt is owed by someone who is delaying payment or is bankrupt, and you do not know whether you will recover it or not. In that case, there is no zakah on it until you receive it. Once you receive it, you pay zakah on it for one year. It was also said that you pay zakah on it when a year has passed after receiving it. The important point is that once you receive it, it becomes subject to zakah because you have gained control over it. Yes.
Source
نور على الدرب - الفوزان - 03/268 — archive.org (16:32)
The Arabic text is a machine transcription of the audio recording.