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Zakat Questions and Answers

Introduction
Nisab

I have debts, do I pay zakat?

The Zakat Year

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The basic principle is that debts are deducted from

wealth, and if the remainder is still over the nisab
threshold, zakat is payable, otherwise not.

Loans and Debts

Zakat on Businesses
Recipients of Zakat

However, if a person has a large debt that is being paid

off in instalments, such as a mortgage or a large credit
card debt, then one should only deduct the payment
that is currently due from one's assets.

Zakat al Fitr
Index

Related Questions
I Lent Money to Someone, Do I pay Zakat on it?
Exam ples: Zubair possesses
assets worth 10,000, but owes

Someone Owes me Money for Work I did for him, Do

I pay Zakat on it?

his creditors a total of 7,000.

When his zakat year has elapsed,

Do I Pay Zakat on My Pension Fund?

he will pay zakat on 3,000.

I Have Taken Out Large Commercial Loans to

Expand My Business, How Will this Affect my Zakat
Calculation?

Shuayb has savings of 2,000, and

an 80,000 mortgage which he
pays in monthly instalments of
400. His zakat date comes round
just as his monthly payment is
due, so he pays zakat on 1,600.

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