Zakat Expert

Can I deduct the monthly payment I make in an interest-only mortgage?

Interest is not a deductible debt from a Zakat calculation. Therefore, in such a scenario, such a mortgage would not be entitled to a deduction from one’s Zakat calculation. 

Allah knows best 

Approved by Mufti Amjad 6th August 2023

Was this article helpful?

Helping you bring Zakat
to life where you live.

 

GIVE ZAKAT APPLY FOR HELP