The Zakah of Bank Guarantees Taken on Lines
Machine translationRead the Arabic original
Question:
He says: Honorable Shaykh, may Allah grant you success. I have a large number of call lines, and the company takes a bank guarantee on each line. Is zakah due on the bank guarantee after the completion of the lunar year, or is it like a debt, where the zakah is due when it is received? He says: You have a gift of call lines, and the company takes a bank guarantee on each line. Is zakah due on the bank guarantee when the lunar year is completed, or is it like a debt, where the zakah is due when it is received?
Answer:
What you receive from the company, if a lunar year passes over it, you pay zakah on it. What you receive from the company, if a lunar year passes over it, you pay zakah on it. And what has not completed a year, no zakah is due on it.
He says: Honorable Shaykh, may Allah grant you success. I have a large number of call lines, and the company takes a bank guarantee on each line. Is zakah due on the bank guarantee after the completion of the lunar year, or is it like a debt, where the zakah is due when it is received? He says: You have a gift of call lines, and the company takes a bank guarantee on each line. Is zakah due on the bank guarantee when the lunar year is completed, or is it like a debt, where the zakah is due when it is received?
Answer:
What you receive from the company, if a lunar year passes over it, you pay zakah on it. What you receive from the company, if a lunar year passes over it, you pay zakah on it. And what has not completed a year, no zakah is due on it.
Source
قناة «العلامة الدكتور صالح الفوزان»، 59 من 64 / شرح القصيدة النونية/أنهارها في غير أخدود جرت / صالح الفوزان / العقيدة / كبار العلماء — youtube.com (1:10:23)
The Arabic text is a machine transcription of the audio recording.