The Zakah on Bank Guarantee Amounts
Machine translationRead the Arabic original
Question:
The Honorable Shaykh, may Allah grant you success, he says: I have a call plan, and the company takes a deposit on every line. Is zakah due on the bank guarantee after the lunar year has passed, or is it like a debt where zakah is due when it is received? He says: You have a call plan, and the company takes a deposit on every line. Is zakah due on the bank guarantee after the lunar year has passed, or is it like a debt where zakah is due when it is received?
Answer:
What you receive from the company, and a lunar year passes over it, you pay zakah on it. What you receive from the company, and a lunar year passes over it. And what has not been with you for a year, zakah is not obligatory on it. Yes. Does anyone have a verbal question?
The presenter:
Yes.
The Honorable Shaykh, may Allah grant you success, he says: I have a call plan, and the company takes a deposit on every line. Is zakah due on the bank guarantee after the lunar year has passed, or is it like a debt where zakah is due when it is received? He says: You have a call plan, and the company takes a deposit on every line. Is zakah due on the bank guarantee after the lunar year has passed, or is it like a debt where zakah is due when it is received?
Answer:
What you receive from the company, and a lunar year passes over it, you pay zakah on it. What you receive from the company, and a lunar year passes over it. And what has not been with you for a year, zakah is not obligatory on it. Yes. Does anyone have a verbal question?
The presenter:
Yes.
Source
شرح الكافية الشافية في الانتصار للفرقة الناجية [ القصيدة النونية ] [ صالح الفوزان ]، فصل : في أنهار الجنة — islamhouse.com (1:10:04)
The Arabic text is a machine transcription of the audio recording.