Topics: Charity

Zakat Obligations on Loaned Money: Understanding the Rules

Do You Pay Zakat on Loaned Money? Key Guidelines for Borrowed Funds

Question: A sister lent money to a relative to buy an apartment, which is expected to be returned. Will she have to pay Zakat on this amount after a year?

Answer: If a woman has lent money to someone to buy an apartment, she will have to pay Zakat on that money after a year, provided the amount reaches the Nisab (minimum amount for Zakat). It is important to note that if she has additional money, she should combine it with the loan amount and calculate Zakat on the total.

✍ Sheikh Maqbool Ahmed Salafi Hafidhahullah

❪Jeddah Dawah Center – Al-Salamah – Kingdom of Saudi Arabia❫

Author: IslamicHelper

Tags: Zakat
IslamicHelper

Recent Articles

Khamenei’s Critical Views on Prophet’s Companions

This article exposes Iran's Supreme Leader Ali Khamenei's alleged disrespectful views on the Sahaba (Companions of Prophet Muhammad PBUH), drawing… Read More

6 days ago

Khamenei’s Blasphemous Beliefs

Uncover the controversial and blasphemous beliefs of Iran's leader Ali Khamenei, from Wilayat al-Faqih to elevating Imams, as critiqued from… Read More

6 days ago

Eid Prayer Rules in Islam

Explore Shariah rulings on Eid prayers: Eidgah necessity, women's participation at home or congregation, timing, extra Takbeers, Raf-ul-Yadain, and sermon… Read More

1 week ago

Qada Fasts for Deceased in Islam

Explore Islamic rulings on Qada fasts for deceased persons, including scenarios for heirs to fast or pay Fidyah, based on… Read More

1 week ago

I’tikaf in Islam: Complete Guide

Discover the meaning, wisdom, rules, and details of I'tikaf based on Quran and Hadith, including where and when to observe… Read More

1 week ago

Hashr on Day of Resurrection Explained

The Gathering (Hashr) and Resurrection (Ba'th) on the Day of Judgment "The Righteous Answers to Wise Questions" — (Part 17)… Read More

1 month ago