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al Ihsan Times

Ramadan Focus

N.B. Rulings are given in accordance with the Hanafi school of thought

People owe me money, so how do I calculate my Zakah?

People owe me money, so how do I calculate my Zakah?Q: There are a few people who owe me money for loans they have taken and stock purchased etc. Should I regard these amounts as Zakatable assets when calculating Zakah?


A: Yes, if you had loaned someone money or if the person had bought something on credit from you, then the outstanding amounts due to you must be added to your Zakaatable assets when calculating your Zakah.

And Allah Ta'ala Knows Best

Was Salaam

Shafiq Jakhura (Mufti)                  M.D. Mangera (Mufti)                                  
Fatwa Dept.                                     Fatwa Dept.

 

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