Answer | |
|
Home » Hanafi Fiqh » Muftisays.com » Do I pay zakat on my bank deposit or net amount (bank deposit minus loans)?
Do I pay zakat on my bank deposit or net amount (bank deposit minus loans)?
my question is regarding zakat, i want to know that if i have some bank deposits as well as loans, should i have to pay zakat on net amount i mean bank deposit less loans or i have to pay on banks deposit amount.