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If I have forty thousand and I am in debt for twenty thousand, so, how would I pay zakat?

Answered as per Hanafi Fiqh by ShariahBoard.org
If I have forty thousand and I am in debt for twenty thousand, so, how would I pay zakat?
After paying off the debt whatever is left over, in this case twenty thousand, one must pay zakat on it.

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This answer was collected from Shariahboard.org. It was established under the supervision of the eminent faqih of our era, Hazrat Shah Mufti Mohammed Navalur Rahman damat barakatuhum.

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