Is Zakat obligatory on a bank deposit, given that the total debts (the loan and apartment installments) exceed the value of the deposit?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
If the debts you owe are greater than the amount deposited in the bank, then zakat is not obligatory upon you. The majority of scholars hold the view that debt prevents zakat on internal wealth. However, if you possess other non-zakat-eligible assets that exceed your needs, then offset them against your debts, and pay zakat on the wealth you possess.
Summarized from the full answer at Ftawy · imported
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- 148270
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