How does the creditor pay zakah on the debt?
Machine translationRead the Arabic original
Question:
I have money that I borrowed from a friend of mine, and the money has remained with me for years. So how does the owner of this money pay zakah on the money that is with me? May Allah bless you.
Answer:
As long as the money is with you, in your trust, you are the one who pays its zakah, and it is your money until you pay it to him. If you pay it to him, it becomes his money and he pays its zakah. But as long as this money is with you, and you say, "I am keeping it so I can pay off the loan or debt," it is your money, and you are still the one who pays its zakah. Yes.
I have money that I borrowed from a friend of mine, and the money has remained with me for years. So how does the owner of this money pay zakah on the money that is with me? May Allah bless you.
Answer:
As long as the money is with you, in your trust, you are the one who pays its zakah, and it is your money until you pay it to him. If you pay it to him, it becomes his money and he pays its zakah. But as long as this money is with you, and you say, "I am keeping it so I can pay off the loan or debt," it is your money, and you are still the one who pays its zakah. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، كيف يزكي الدائن عن الدين؟ للشيخ الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.