Zakat on student loan

Answered according to Hanafi Fiqh by

If a graduate has £10,000 and is also in a student loan debt of £27,000, is he required to pay Zakat on his assets?

بسم الله الرحمن الرحیم


A person with a student loan should only deduct the amount that is due or the amount he plans to repay within the next twelve months and give Zakat on the remainder of his assets. If he intends to repay the full loan, the whole amount will be deducted. When deducting, only the actual loaned amount will be deducted, not the interest.

قال شيخنا المفتي الصوفي محمد طاهر: ديون البنوك المؤجلة غير مانعة عن الزكاة، لأن البنوك لا تطالب قبل الميعاد بخلاف ديون الناس المؤجلة، انتهى. وراجع جواب استفتاء حول الدين المؤجل والمعجل۔

Allah knows best

Yusuf Shabbir

24 Rajab 1440 / 30 March 2019

Approved by: Mufti Shabbir Ahmed and Mufti Muhammad Tahir

This answer was collected from, which is a repository of Islamic Q&A, articles, books, and resources. Various schools write and oversee the answers, including Maulana Yusuf Shabbir, Mufti Shabbir Ahmed, and Mufti Muhammad Tahir. 

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