One whose debts are more than his assets
Q: My brother for the last 8 months has saved money to build his house, plus he received a substantial amount as a qardh-e-hassan. How and when will he calculate his zakaat since he is currently building his house?
A: If his debts are greater than his assets then he is not liable for zakaat.
And Allah Ta’ala (الله تعالى) knows best.
( وسببه ) أي سبب افتراضها ( ملك نصاب حولي ) نسبه للحول لحولانه عليه ( تام ) … ( فارغ عن دين له مطالب من جهة العباد ) .( الدر المختار 2/259)
Read these QA to learn more..
- Assalamoualikum Respected Mufti Sahib, My aunty is the owner of a house; however she also has debts of £40,000 owed to people. My aunty intends to sell me the house in return that I take up the responsibility of paying-off her outstanding debts. Currently, I do not have the monies to pay-off the debts. Would such an agreement be valid? Please advise me of the best way to execute this agreement in light of the Shariah. Jazakallah Abdullah
- Assalâmoualeikoum Trought the light of Qour’âne and Ahaadith. Can Mufti Saheb give jawaab to the following question. 1- The year for camel or any other animal is it the same year for gold silver… Example my year for gold silver goods end the 25 safar 1430 and the 20 safar 1430 I both 30 camels. For the camel must i give zakaat the 25 safar 1430 or wait the the end of the day of 19 safar 1431. In other words it’s one date zakaate for all or two dates, one for camel and one for gold silver goods … And if after there is cow it will be 3 dates because the jins are different or one date? 2- In nurul îdha they is a maslah about debts. There are 3 groups. Strong, medium and weak. Can Hazrat Mufti Saheb explain this maslah please? Is it the mufta bihi opinion (if no what is it)? The salairy of a worker or the commission who get a seller on a goods it’s in wich goups? The service of a docteur or an accoutant or any other service it’s in which group? What is a bad debts 3- Can somebody pay zakaate in advance? If in paying in advance he paid more can he use it for the next year? 4-How to make estimation on goods (selling price, cost price). Can we make taharri of the value or must we count it. 5-Somebody bought some shares in a companys or group of companys. For example 5% of the companys or 10 %. Thoses shares are not in the market. To get their value, the accountant must caculate the value of the company. So we can’t paid zakaate on the shares. Now according to my understanding we have to check the goods, debts, cash,…and…
- (1) According to Shariah what portion of one’s total assets can be given through will (wasiat) to a person who is not his heir? In case, if he can do so, then whether the consent of other heirs is required for the same? (2) Is verbal wasiat valid according to Shariah? In case, it is valid, then whether the witness to the same are required? (3) A Muslim person during his lifetime has made a verbal wasiat in presence of 3 witnesses to give certain portion of his assets to a person who is his non-heir. Accordingly he has legally nominated that person (i.e. his non-heir) in those portions of his assets (i.e. his investments). Now the person dies leaving behind his legal heir as well as the person (non-heir) in whose favour he has made his wasiat as mentioned above. Now after his death, how his total assets will get distributed among the above mentioned parties?
- Deducting debts from one’s total zakaatable assets
- Dear Imam Alhamdolillah, I currently support my family (9 members) for their day to day expenditures. My father has debts which unfortunately he cannot pay. Can I pay my zakat to pay his debts if the money is not directly handled by him and goes to creditors.
- Asalaamu Alaykum. I am married for 5 years, for the first three years, I would receive an allowance from my husband. Now for almost two years, he doesn’t give me a cent, and always complains that he has many debts to pay. I feel that the debts are his own doing and that I am being cheated off my allowance so that he can pay his debts. It gets so bad sometimes that if I need a little money, I have to borrow from the neighbour as he sternly refuses to give me money for myself. With regards to groceries, he buys the necessary items. But I’m talking about money for my personal use. Is it right for him to do this?