Back to search
The question

What is the ruling on zakat for money that has reached the nisab and a full year has passed on it, given that the origin of this money was an interest-based loan from the bank?

Share this answer

Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

You must dispose of money borrowed with usury by returning it to the lender if the money still exists, or returning its equivalent if it has been consumed. The person must calculate the money from their trade at the end of the year, subtract the debt owed to the bank, and pay on the remainder if it reaches the , along with repentance. Debt is deducted from zakat if there are no non-zakat-eligible funds exceeding one's needs that can offset it; otherwise, the debt is not deducted from the zakatable money.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
72408
Added here
. This is when the answer was added to El Fatwa, not the fatwa's date.
Text
Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
Read the full ruling
Read the full answer on Ftawy