Does the lender pay zakah on a loan if it is with a wealthy person?

Q: Is the zakah on a benevolent loan due on the lender or on the borrower?

A: If you lend money and it is with a wealthy person, you are obligated to pay its zakah. If it is with someone who is unable to pay, there is no zakah on it. The situation differs for the borrower. If you gave a wealthy person one hundred thousand riyals, or two hundred thousand, or more or less, and he is wealthy and not delaying you—meaning he gives you your money whenever you ask for it—then you are obligated to pay zakah on this money. He, in turn, pays zakah on the money he has if it remains with him until a lunar year has passed. If he has spent it on other things, he owes nothing. As for you, you pay zakah on the money you lent him because it is money owned by you that is with a wealthy person who is willing to pay, so you pay its zakah. However, if it is with someone who is unable to pay or with someone who is delaying you, you are not obligated to pay zakah on it, as mentioned previously.