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The question

What is the value of the zakat and how is it to be paid on a sum of 60,0 Saudi Riyals that was repaid after eight years and used to settle debts?

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

is not obligatory on a debt whose repayment is not hoped for, such as from an insolvent or procrastinating debtor. It is zakatable for one year after its collection. However, if the debtor is solvent and does not deny his debt, the debt is zakatable every year. Debts owed by the owner of the wealth are deducted from the debt subject to zakat if he has no other funds to repay them. If what remains equals or exceeds the , then zakat becomes obligatory on 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
84739
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