The Ruling on the Zakah of Loan Money That Is Not in One’s Possession

Is zakah permissible on money that is a debt and not in the possession of its owner?
Answer: A debt has categories. Sometimes it is with someone who is unable to pay it off. There is no zakah on this until its owner receives it, because it is a form of relief, and zakah is not obligatory on a debt that one is unable to collect.
The second case is when it is with someone who is delaying payment. He is able to pay but does not give it or pay it off; he is stalling. In this case, he is like a poor person, and zakah is not obligatory on you until you receive it from this person who is stalling.
The third case is when it is with a wealthy person who is generous and gives it to you whenever you ask. In this case, zakah is obligatory on you even if it is with him, just as a trust is obligatory on you to pay zakah on every year as long as it is with a wealthy, generous person. So zakah is obligatory on you. However, if it is with a poor person who is unable to pay, or a wealthy person who is stalling and not paying and causing you trouble, then there is no zakah on you until you receive it, and then you start a new lunar year. Yes.
The presenter: May Allah reward you with good.