The ruling on zakah due on an installment debt of which only a portion has been received
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The ruling on zakah due on an installment debt of which only a portion has been received
O Shaykh: If I have a sum of one hundred thousand riyals in the debt of a man, payable in installments, and I have received twenty-four thousand after a year has passed, and the time for zakah has come, do I pay zakah on the twenty-four thousand or on the full one hundred thousand?The Shaykh: How can it be twenty-four thousand and one hundred thousand? What is this?The questioner: They are installments during the year; I receive twenty-four thousand from him, and he owes me one hundred thousand riyals. When the lunar year is completed, do I pay zakah on the twenty-four thousand that reached me?
Yes, pay zakah on the twenty-four thousand that reached you.
The questioner: Only.
The Shaykh: Only that. Then, when the period is complete, pay zakah on what remains for all the past years if you receive it.
O Shaykh: If I have a sum of one hundred thousand riyals in the debt of a man, payable in installments, and I have received twenty-four thousand after a year has passed, and the time for zakah has come, do I pay zakah on the twenty-four thousand or on the full one hundred thousand?The Shaykh: How can it be twenty-four thousand and one hundred thousand? What is this?The questioner: They are installments during the year; I receive twenty-four thousand from him, and he owes me one hundred thousand riyals. When the lunar year is completed, do I pay zakah on the twenty-four thousand that reached me?
Yes, pay zakah on the twenty-four thousand that reached you.
The questioner: Only.
The Shaykh: Only that. Then, when the period is complete, pay zakah on what remains for all the past years if you receive it.