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Waiving Debt and Zakaat

Answered according to Hanafi Fiqh by CouncilofUlama.co.za

Q: If the creditor waived off the debt, then will zakaat be waajib on the previous years?
From Ihyaaud Deen. This entry is part 14 of 37 in the series Zakaat Masaail


A: If the creditor waives off the debt of a poor person, then zakaat will no longer be waajib upon the debt, neither for the current year nor for the previous years. However, if the creditor waives off the debt of a wealthy person, zakaat will not be waajib for the current year (provided it is before the zakaat date). But zakaat will be waajib for the previous years.

This answer was collected from CouncilofUlama.co.za, which is operated under the supervision of Council of Ulama Eastern Cape, South Africa.

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