19 January 2021   5. Jumad-us-Thaani 1442

Tel: 031 577 7868 - disc@darulihsan.com                             

Zakah on Debts

Q. Are debts regarded as deductible liabilities?


The classical juristic texts state that all debts are regarded as deductible liabilities when calculating Zakah. However, some contemporary jurists differentiate between the types of debts, e.g. debts which are for commercial expansion or investment purposes and personal debts that are basic, whilst others do so based on the term of repayments of short term and long term debts.

Darul Ihsan is of the view that in long term debts, only the coming twelve months instalments due will be considered a liability and deductible.

And Allah Knows Best

Darul Ihsan Fatwa Department

Login to post comments

Nisab

13/01/2020

  • Mahr Fatimi: R19 696.59
  • Minimum Mahr: R393.93
  • Zakaah Nisaab: R7878.64
  • Fidya: R20.00

Contact Us

70 Joyce Road
Durban
Tel: 031 577 786 8
disc@darulihsan.com

Social Media

               

 

COVID-19
Visit sacoronavirus.co.za for official COVID-19 information.