Is Zakat obligatory on an amount of 11,000 US dollars, given the existence of a deferred debt of 70,000 US dollars due in four to five years?

The majority of scholars hold that debt exempts hidden wealth from Zakat. Therefore, if there is a debt, Zakat is not obligatory on the amount you possess. There is no difference between immediate and deferred debt in this matter. However, if you have a surplus of funds beyond your basic needs—funds on which Zakat is not obligatory—then designate that money to offset the debt and pay Zakat on the amount you mentioned. The nisab (minimum threshold) for banknotes is the equivalent of eighty-five grams of gold or five hundred and ninety-five grams of silver, and the obligatory amount to be given is a quarter of a tenth (2.5%).