Please calculate the Zakaat for the following practical situatuion: House owing -R200000(R36000/annum), Car owing -R50000, Pension +R10000 if withdrawn, Cash +R15000, Furniture +R20000.

6 Feb 2001 · 12 Dhuʻl-Qiʻdah 1421 AH1 min readFatwa 2234English

Question

I ask this general question to avoid confusion in the future. I understand that part of the question is already answered, but it is fragmented. Jazakallah

Answer

Assets = Pension R10,000; Cash R15,000; Personal furniture not Zakaatable = R25,000
Liabilities = House R36,000 per annum; Car R20,000 per annum (for example) = R56,000

Since the liabilities exceeds the assets, there is no Zakaat on the assets.

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai
FATWA DEPT.

Answered by: Mufti Ebrahim Desai

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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/2234
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