Is zakat obligatory on gold if its owner has a debt equal to the value of the gold?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
If the debt you owe to the bank consumes all your gold, money, and trade goods, leaving you with no nisab (minimum threshold for zakat), then no zakat is due from you. However, if a nisab remains after deducting the debt, then zakat is obligatory upon you. It is important to note that usurious loans are prohibited.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/42224
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- Ftawy
- Original fatwa ID
- 42224
- Imported
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- Source text, unreviewed
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