Q: If I lent money to a businessman and I’m confident he’ll repay me, do I owe zakah on it?A: Yes. Add the amount to your own wealth and pay zakah on the total. 📌 Example: If you lent $10,000 and have $90,000 in your own wealth, you pay zakah on $100,000. Q: What if … Read more
Q: If I lend money to many people, do I pay zakah on those loans?A: Yes—only if the borrower is capable of repaying.There is consensus (ijma’) among scholars that if the debtor can repay, you must pay zakah on that money each year.
Q: Do I have to pay zakah on money I lent to someone else?A: It depends on the financial status of the borrower: Scenario: The borrower is wealthy and capable of repaying 📌 Example:If you lent $20,000 and you have $1,000,000 in your account: Scenario: The borrower is struggling or refuses to pay (broke or … Read more