I have lost all hope of receiving an amount I lent to a friend. Do I need to pay Zakat on this amount?
Zakat is payable on a loan given every year. One may pay Zakat before being paid back especially if there was assurance from the debtor that they will reimburse you. And upon receipt, if one did not pay their zakat, they must pay Zakat for all previous years.
And Allah knows best!
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