What is to be deducted from long-term debt as zakat 5981615146
Ahle Haq Bangla Media Service•zakat-fitra•
Question
- Should the house building loan of the bank be deducted while calculating zakat? Zakat does not come if the debt is excluded. Note that he himself works in that bank. Which was deducted monthly from his salary. Since he took out a home loan with an interest-bearing loan.
- And if another piece of land in excess of the requirement is not for sale for the purpose of building a house, will the value of that land come under Zakat? 5756678795
Answer
- حامداومصلياومسلما، بسم الله الرحمن الرحيم -
In the case of long-term loans, the principle is to calculate the amount of money to be repaid annually in installments by deducting the amount from the zakat calculation. For example, if zakat is required on two lakh rupees. And the amount of debt he collects every month is about 50,000 rupees a year. If the person deducts ঐ 50,000 from his original assets and has an additional Rs. Excluding full debt will not calculate. Rather, only the amount of debt that has to be recovered annually will be deducted from the account of Zakat. If zakat is required after the annual repayment of the loan and there is no amount of wealth, then zakat will not be required on it. Zakat is not required on land. However, if the land is purchased for business purposes, then zakat will be required as a business product. Not as land. 9161495825
- والله اعلم باالصواب -
* This Fatwa was translated by Google Translate.
To see the original click here
Source
- رد المحتار, Part: 1, Page: 177
- بدائع الصنائع, Part: 2, Page: 86
- رد المحتار, Part: 3, Page: 182
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