Home » Hanafi Fiqh » Askimam.org » 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Zakaat for the following practical situatuion: House owing -R200000(R36000/annum), Car owing -R50000, Pension R10000 if withdrawn, Cash R15000, Furniture R20000.

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for the following practical situatuion: House owing -R200000(R36000/annum), Car owing -R50000, Pension R10000 if withdrawn, Cash R15000, Furniture R20000.

Answered as per Hanafi Fiqh by Askimam.org

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.

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This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.

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