I have some money on which rules of zakat are applicable.
Mu' meneen Brothers and Sisters,
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One of our brothers/sisters has asked this question:
some money on which rules of zakat are applicable. if I lent out whole money to
Should I pay zakat on this amout?
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Zakah o loaned money
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The majority of the scholars and jurists in Islam are of the opinion that the one who gives the loan is the inherent owner of that wealth, and thus he would indeed be liable to pay its annual zakah on their excess wealth.
Some scholars have opined that if one has given a loan and is absolutely confident that the debtor will repay their loan, they should pay its due zakah on their excess wealth; but if one has given a loan and is not absolutely confident that the debtor might pay back their loan, there is no harm if one postpones the paying of the accrued zakah when their loan is repayed. And Allah Alone Knows Best.
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