Taking loans from the Agricultural Bank
A: You are obliged to pay Zakah for that sum of money along with its profit for each Hawl (One lunar year calculated from the time a property reaches the minimum amount upon which Zakah is due) that passed while this sum is in your possession, as it is considered your money. Being indebted to the Agricultural Bank does not exempt you from paying Zakah; the debt is your own financial obligation.May Allah grant us all success! May peace and blessings be upon our Prophet Muhammad, his family, and Companions!
Zakah on debt
Tags:
Subscribe to our new courses