Zakat on owed money


Assalaamu alikum,

I have recently heard that it is obligatory to pay zakat on money that one has lent to others. Please can you clarify this.

Over the years I have lent money to various family members. I am uncertain of the total amount I have lent out. I am uncertain about when and if I will be repaid.

If it is true that I need to pay zakat on this money, please can you advise the best way to calculate the payable amount.



wa `alaykum salam,

You should have been paying 2.5% zakat for each amount lent from the very first year.

Imam Senad Agic
American Islamic Center – Chicago
Majlis #1 Head Imam (IABNA)

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