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Assalamu Alaikum,
I have 2 urgent question
1. I have lend money to some people & they violet promises(not able to pay as committed). Now I do not know when they will return my money even some cases I fear I have no chance to return those money. Now when I'll pay zakat, Is it required to include this lend money to my total asset?
If yes, then please mention how many year I'll include this into my total asset?

2. I spent money which I get from bank interest (bank pay this interest twice in a year) on poor people. Can I spent this money for bank service charges also?
asked Nov 28, 2019 in Zakat / Charity / Aid by Rejoanul Alam

1 Answer

Ref. No. 41/897

In the name of Allah the most Gracious the most Merciful

The answer to your question is as follows:

(1) As long as you expect the money given as debt to return to you, you have to include lent money into your total asset and pay zakat. When you lost your hope to get it back, you are not obliged to pay the lent money’s zakat, but you can wait and whenever you get back your money, pay the zakat of the previous years too which passed on that amount. (2) The interest received from bank cannot be given in its service charges. It must be given to poor and needy people without the intention of reward as you have been doing for many years. 

And Allah knows best

Darul Ifta

Darul Uloom Waqf Deoband

 

answered Dec 7, 2019 by Darul Ifta
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