Back to search
The question

Is zakat obligatory on a loan amount of 90,0 Riyals, which has been held for a full year (hawl), and which I had saved to build part of my house?

Share this answer

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

becomes obligatory on the aforementioned amount after the completion of one lunar year (hawl) and after deducting debts that are not offset by other assets. Whatever remains is subject to Zakat if it reaches the . The nisab is equivalent to the value of 85 grams of gold, and the amount of Zakat that must be paid is 2.5%.

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
59569
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