Mufti Online — Madrasah Ta'leemuddeen

Zakaat on jewellery if one is in debt

· 5 Jumada II 1439 AH1 min readEnglish

Question

If one has 100gms of gold but takes a loan from one of his relatives of 4 laks, not in gold but on credit, so does he have to pay zakaat?

Answer

After deducting debts, loans and liabilities, if one's zakaatable assets reach the nisaab amount, then zakaat will be waajib on him. However, if one does not possess any wealth or one's zakaatable assets are less than the zakaat nisaab, then zakaat will not be waajib on him.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Zakaria Makada
Checked & approved by
Mufti Ebrahim Salejee (Isipingo Beach)
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/24614
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-24614

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Do debts reduce zakaat, and is zakaat due on money owed to me?

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Is zakaat payable on jewellery?

“It is compulsory to pay zakat on jewellery made from gold and silver. You may pay your wife’s zakat on her jewelry with her consent Abu Ali ad-Dagestani Student Darul Iftaa”

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