The Ruling on Zakah in My Money That One of the People Owed Me
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Q: I had a sum of money in the Faisal Islamic Bank, and I used to pay its zakah every Ramadan. However, this year, about fifteen days before the time for paying the zakah arrived, I lent this amount to one of my relatives. Is zakah obligatory on this money or not?
A: You must pay zakah on that money you lent to one of your relatives whenever a lunar year has passed over it, unless he is unable to pay, in which case you do not have to pay its zakah until you receive it back, and then you pay its zakah whenever a lunar year has passed over it, as mentioned in the answer to the previous question. May Allah guide everyone to what He is pleased with, and may peace and the mercy and blessings of Allah be upon you.
A: You must pay zakah on that money you lent to one of your relatives whenever a lunar year has passed over it, unless he is unable to pay, in which case you do not have to pay its zakah until you receive it back, and then you pay its zakah whenever a lunar year has passed over it, as mentioned in the answer to the previous question. May Allah guide everyone to what He is pleased with, and may peace and the mercy and blessings of Allah be upon you.
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.