A man borrowed from the bank and opened a shop, and he went bankrupt after two years. Is zakah obligatory on him for the two years?
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The questioner : Peace be upon you.
The Shaykh : Peace and mercy of Allah be upon you.
The questioner : If you please, Shaykh, a man owns a commercial shop, a large part of his capital was a bank loan, and after two years...
The Shaykh : Yes.
The questioner : The shop went bankrupt and he has some debts. Does he have to pay the zakah for the two years?
The Shaykh : Repeat, repeat.
The questioner : A man owns a commercial shop, a large part of his capital was a bank loan from the Riyadh Bank.
The Shaykh : Yes.
The questioner : And after two years, the shop went bankrupt and he has some debts. Does he have to pay the zakah for the two years? It is known that he is currently working as an employee, meaning...
The Shaykh : But did he go bankrupt before the zakah became obligatory, or after it became obligatory?
The questioner : I don't understand, meaning...
The Shaykh : Meaning, did he go bankrupt before the year was completed?
The questioner : No, he went bankrupt after the completion of two years.
The Shaykh : After the completion of the two years, the zakah is upon him.
The questioner : Okay, how does he pay the zakah, knowing that the capital for the first year is known, but for the second year I do not know?
The Shaykh : He should estimate, he should estimate.
And the story you mentioned, that the man borrowed from the bank and opened this shop and went bankrupt, you must take a lesson from this from two aspects: The first aspect is that what is built upon falsehood, Allah does not place any good or blessing in it.
And the second aspect is that it is not befitting for a person to borrow in order to open a shop, because this is poor management. How do you burden your conscience with money you do not know whether you will return it or not? The common people say, for example, a true saying: "Stretch your leg according to the length of your blanket" because if you stretch your leg beyond your blanket, it will be exposed and appear.
Therefore, I advise my brothers not to be greedy, borrowing to open a shop or to increase their trade, but rather they should trade with the money they have in a permissible manner, and what they do not have, they should not seek. Yes, that is right.
Oh people, have some coffee. May Allah reward you with good. You see, this pot that is coming is not going to return until... Pour, pour, yes.
The questioner : In the second year, he says...
The Shaykh : If he went bankrupt, if he went bankrupt and his money ran out before the second year, then there is no zakah upon him for the second year. It became obligatory upon them, it became obligatory upon them. Say: This is the second, the third.
The questioner : If the bank does not take interest?
The Shaykh : You say: If the bank does not take interest, that is not the case. The bank cannot give you a single qirsh unless it is guaranteed, guaranteed by riba.
The questioner : The real estate bank?
The Shaykh : The real estate bank is not called a bank; he was talking about a bank, he named it, he said: The Riyadh Bank.
The real estate bank does not give except through the government, but the government made it through the bank only. It is not from the bank's money. The bank cannot give you from its money unless it is taking its profit, so much so that the longer the term, the more it increases in riba. Yes, after that.
The Shaykh : Peace and mercy of Allah be upon you.
The questioner : If you please, Shaykh, a man owns a commercial shop, a large part of his capital was a bank loan, and after two years...
The Shaykh : Yes.
The questioner : The shop went bankrupt and he has some debts. Does he have to pay the zakah for the two years?
The Shaykh : Repeat, repeat.
The questioner : A man owns a commercial shop, a large part of his capital was a bank loan from the Riyadh Bank.
The Shaykh : Yes.
The questioner : And after two years, the shop went bankrupt and he has some debts. Does he have to pay the zakah for the two years? It is known that he is currently working as an employee, meaning...
The Shaykh : But did he go bankrupt before the zakah became obligatory, or after it became obligatory?
The questioner : I don't understand, meaning...
The Shaykh : Meaning, did he go bankrupt before the year was completed?
The questioner : No, he went bankrupt after the completion of two years.
The Shaykh : After the completion of the two years, the zakah is upon him.
The questioner : Okay, how does he pay the zakah, knowing that the capital for the first year is known, but for the second year I do not know?
The Shaykh : He should estimate, he should estimate.
And the story you mentioned, that the man borrowed from the bank and opened this shop and went bankrupt, you must take a lesson from this from two aspects: The first aspect is that what is built upon falsehood, Allah does not place any good or blessing in it.
And the second aspect is that it is not befitting for a person to borrow in order to open a shop, because this is poor management. How do you burden your conscience with money you do not know whether you will return it or not? The common people say, for example, a true saying: "Stretch your leg according to the length of your blanket" because if you stretch your leg beyond your blanket, it will be exposed and appear.
Therefore, I advise my brothers not to be greedy, borrowing to open a shop or to increase their trade, but rather they should trade with the money they have in a permissible manner, and what they do not have, they should not seek. Yes, that is right.
Oh people, have some coffee. May Allah reward you with good. You see, this pot that is coming is not going to return until... Pour, pour, yes.
The questioner : In the second year, he says...
The Shaykh : If he went bankrupt, if he went bankrupt and his money ran out before the second year, then there is no zakah upon him for the second year. It became obligatory upon them, it became obligatory upon them. Say: This is the second, the third.
The questioner : If the bank does not take interest?
The Shaykh : You say: If the bank does not take interest, that is not the case. The bank cannot give you a single qirsh unless it is guaranteed, guaranteed by riba.
The questioner : The real estate bank?
The Shaykh : The real estate bank is not called a bank; he was talking about a bank, he named it, he said: The Riyadh Bank.
The real estate bank does not give except through the government, but the government made it through the bank only. It is not from the bank's money. The bank cannot give you from its money unless it is taking its profit, so much so that the longer the term, the more it increases in riba. Yes, after that.