Is Zakat obligatory on money borrowed for a project that has been in possession for a full year (hawl), and how is the value of Zakat estimated for a service company that does not own physical goods?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
is obligatory on the profit of a company that provides services, if the profit reaches the (minimum taxable amount) by itself or when combined with other money, and a hawl (one lunar year) has passed over it. The debt is then deducted. If a nisab remains after deducting the debt, Zakat becomes obligatory.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/92933
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 92933
- 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