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The question

Is it permissible to count the amount given as a loan to a friend experiencing financial hardship from zakat al-mal (money zakat), or to give zakat for this amount? And is zakat obligatory on money invested in gold trading with a friend, with an agreement to take the profit annually?

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

It is not permissible to consider what was given to your friend as debt, as it was not given with the intention of Zakat, and deeds are judged by intentions. Zakat is obligatory on the money you gave your friend, whether it was a loan or a (partnership), because it is still your property. If it was a Mudarabah, Zakat is also obligatory on your share of the profit, if any. As for a loan, it is not permissible to take profit from it.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
185503
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.
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Read the full answer on Ftawy