loan Archives - IslamQA

Find answers to your Islamic questions 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.

Zakaat on loans

Answered by Muftionline.co.za

Q: As an employee, I am facilitated to take 3 types of loan from my employer. Loan type 01: This loan is termed as ‘Salary Advance’. In case of emergency, the employee can take a loan from the employer to a maximum of 6 times his basic salary. The lent amount will be deducted from… read more »

Zakaat on loans

Answered by Muftionline.co.za

Q: If I have given loan to someone, do I need to include this in my asset calculation for upcoming year zakaat? A: Yes. And Allah Ta’ala (الله تعالى) knows best.   Answered by: Mufti Ebrahim Salejee (Isipingo Beach) Source

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