Zakat Expert

I have a student loan. Would this count as a liability?


If you are not currently repaying your loan, it is not deductible. If you are repaying your loan, only 12 months worth is deductible. As a god-fearing individual everyone who takes out a loan should do so in good faith (with knowledge that it is first of all, not a haram contract and it was a necessity, secondly that you intend to repay it). If you are genuinely (not) able to pay it, in that Lunar period then the above opinion is applicable.

And Allah knows best. 

Reviewed on 22/11/2021 

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