Dear respected Shaykh, assalamu alaikum wa rahmatullahi wa barakatuh. Is
Zakat due on money which I lent my wife for study purposes on the condition that she will return the money after five years?
زكاة القروض
Dear respected Shaykh, assalamu alaikum wa rahmatullahi wa barakatuh. Is
Zakat due on money which I lent my wife for study purposes on the condition that she will return the money after five years?
زكاة القروض
Answer
Praise be to Allah, and may Allah’s peace and blessings be upon the Messenger of Allah, his family and his companions. Wa alaikum assalam wa rahmatullahi wa barakatuh. As to what follows: In response to your question, we say: If the debt is due from an insolvent person as is clear from the question, then Zakah will not be compulsory.