Is zakah obligatory on a debt for which a lunar year has passed?
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The questioner : In the case of a person who lent someone ten thousand riyals, and the time has passed.
The Shaykh : What?
The questioner : He lent someone ten thousand riyals.
The Shaykh : What?
The questioner : Ten thousand.
The Shaykh : Yes.
The questioner : And the year has passed over it; is zakah obligatory on it? Is it the lender or...?
The Shaykh : If the one who borrowed it is wealthy such that he can pay the lender whenever he asks for it, then zakah is obligatory on him, because this is like the dirhams in the box; he can take them whenever he wishes. If he is poor, then there is no zakah on him. However, if he receives it, some scholars say: he should pay zakah on it for the time that has passed. Some of them say: he should pay zakah on it for one year of the time that has passed. And some of them say: he should start a new year with it. The precaution is: that he should pay zakah on it for one year of the time that has passed, meaning: if ten years have passed over it, he pays zakah on it once. Yes.
The Shaykh : What?
The questioner : He lent someone ten thousand riyals.
The Shaykh : What?
The questioner : Ten thousand.
The Shaykh : Yes.
The questioner : And the year has passed over it; is zakah obligatory on it? Is it the lender or...?
The Shaykh : If the one who borrowed it is wealthy such that he can pay the lender whenever he asks for it, then zakah is obligatory on him, because this is like the dirhams in the box; he can take them whenever he wishes. If he is poor, then there is no zakah on him. However, if he receives it, some scholars say: he should pay zakah on it for the time that has passed. Some of them say: he should pay zakah on it for one year of the time that has passed. And some of them say: he should start a new year with it. The precaution is: that he should pay zakah on it for one year of the time that has passed, meaning: if ten years have passed over it, he pays zakah on it once. Yes.