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Credit Card Debt And Zakat
If I have multiple credit cards and each card has outstanding loan on it for different years, donI have to pay Zakat on these amounts? I make monthly payments on these credit cards and they will be paid of in 2-3 years depending on the terms of each card. All these cards are 0% interest.
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1 Reply
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Credit Card Debt And Zakat
updated 10 months, 2 weeks ago
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Zakat is assessed on your assets as well as production, not on debt.
You may enter appropriate numbers in our Zakat Calculator after reading the description for each box. When you reach the end, it will generate a statement showing you exactly what you owe after any applicable deductions, and what percentage was applied to each category. It is also a great way to learn the sharia of zakat.
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