Is zakat obligatory on a loan taken to purchase an apartment, when a year has passed before the apartment's value was paid?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If the debt consumes the -eligible money or reduces it below the (minimum threshold), then there is no Zakat due, unless you have other non-Zakat-eligible money that exceeds your basic needs. In that case, you should offset the debt with that money. If it covers the debt and a nisab remains, then Zakat is obligatory; otherwise, it is not. If the loan was based on a usurious contract, then the money must be returned to the bank, and no Zakat is due from you on it, because it is not your property.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/49641
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 49641
- 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