Home » Hanafi Fiqh » DarulUloomTT.net » Question on loans and zakaat
Salaams!
I just need some clarification, with regards to Zakat calculation, I am currently paying 2 loans, do I add the Total remaining balance to my liabilities or just the monthly instalments at the time of paying?
Wa Alaikum Assalaam,
الجواب و بالله التوفيق
You will add the monthly installments that are due at the time of paying Zakaah, and not the total remaining balance.
And Allah Knows Best.
Mufti Waseem Khan.
21/06/16.
This answer was collected from DarulUloomTT.net, which is operated under the supervision of Mufti Waseem Khan from Darul Uloom Trinidad and Tobago.
Read answers with similar topics:
Zakaat| Cookie | Duration | Description |
|---|---|---|
| cookielawinfo-checkbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
| cookielawinfo-checkbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
| cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
| cookielawinfo-checkbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
| cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
| viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |