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Paying zakaat on money loaned to someone

Answered as per Hanafi Fiqh by Muftionline.co.za

Q: If someone borrowed some money from me, do I have to give Zakaat on the money lent to someone?

Bismillaah

A: Since the loaned amount belongs to you and will be returned to you, you will have to discharge the zakaat of the loaned amount.

And Allah Ta’ala (الله تعالى) knows best.

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)

This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.

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