How is Zakat on money calculated for a bank balance designated for debt repayment, and is Zakat obligatory on debts owed to you by people that are repaid in monthly installments?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
becomes obligatory if the wealth reaches the and a full year (hawl) has passed over it, provided there is other wealth sufficient to cover any debt. However, if the debt consumes the wealth entirely or reduces it below the nisab, then Zakat is not obligatory. As for a debt owed by someone who denies it or procrastinates, Zakat is not obligatory on it until it is received, at which point it is paid for one year. But for a debt owed by an affluent person who acknowledges it, Zakat is paid when a full year has passed over it.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/45377
Where this answer came from
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- Ftawy
- Original fatwa ID
- 45377
- 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