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I have taken loan from compulsory provident fund. May I subtract this amount during calculating zakaat?

Answered as per Hanafi Fiqh by Darulifta Deoband Waqf
I have taken loan from compulsory provident fund.May I subtract this amount during calculating zakaat?
Answer:

Ref. No. 39 / 0000

In the name of Allah the most Gracious the most Merciful
The answer to your question is as follows:

Yes, you can subtract loan amount during calculating Zakat.
And Allah knows best


Darul Ifta
Darul Uloom Waqf Deoband

Original Source Link

This answer was collected from the official website of Darul Uloom Deoband Waqf. The institution is based in India and the answers are provided in accordance to the Hanafi Fiqh.

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