IslamQA

C (on fixed deposit one year has not been completed) and also I have bank loan on 4,70,000/-. Please tell me how much zakah I should pay in this Ramadan?

Answered according to Hanafi Fiqh by Darulifta-Deoband.com
c (on fixed deposit one year has not been completed) and also I have bank loan on 4,70,000/-. Please tell me how much zakah I should pay in this Ramadan?

Answer

(Fatwa: 1398/855/D=1432)

It is wajib to pay zakah on the total gold price and on 2.5 lakh amount. For what purpose you have taken loan from bank? And in which shape it is present, make it clear then the second part shall be answered.

Allah (Subhana Wa Ta’ala) knows Best

Darul Ifta,
Darul Uloom Deoband

This answer was collected from the official ifta website of Darul Uloom Deoband in India.

Find more answers indexed from: Darulifta-Deoband.com
Read more answers with similar topics:
Subscribe to IslamQA Weekly Newsletter

Subscribe to IslamQA Weekly Newsletter

You will receive 5 Q&A in your inbox every week



We have sent a confirmation to you. Please check the and confirm your subscription. Thank you!