What is the nisab for zakat on money, and is zakat obligatory on a debt that is due but has no specified repayment date?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
The amount on which zakat becomes obligatory is equivalent to the value of 85 grams of gold or 595 grams of silver, and the zakat rate is 2.5%. As for lent money, its zakat becomes obligatory if the borrower acknowledges the debt and is able to repay it. Otherwise, the lent money is subject to zakat upon its retrieval for one year.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/164425
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- Ftawy
- Original fatwa ID
- 164425
- Imported
- Translation status
- Source text, unreviewed
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