Is Zakat due on the creditor of a loan?
A: Zakat is obligatory on a loan every year. However, one has the option to pay the Zakat due yearly or pay for the all outstanding years upon receiving the money.
And Allah knows best!
Mufti Faraz Adam
A: Zakat is obligatory on a loan every year. However, one has the option to pay the Zakat due yearly or pay for the all outstanding years upon receiving the money.
And Allah knows best!
Mufti Faraz Adam