Is Zakat due on money saved to pay installments for two apartments under construction, knowing that Zakat is due in Ramadan and the installments are due in Ramadan and immediately after Eid?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
The majority of scholars hold that debt exempts hidden wealth from . Therefore, when the time for zakat comes, outstanding debts are subtracted from the wealth. If the remaining amount reaches the (minimum threshold) after the deduction, then zakat is obligatory; otherwise, it is not. If there is other non-zakat-eligible wealth exceeding one's needs, it can be used to offset the debt, so that the zakat-eligible wealth can be paid. The nisab for banknotes is approximately equivalent to 85 grams of gold, and the obligatory zakat is a quarter of a tenth (2.5%).
Summarized from the full answer at Ftawy · imported
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