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Forums Forums Islamic Sharia Credit Card Debt And Zakat

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  • Credit Card Debt And Zakat

    Posted by Aamir Abbasi on March 27, 2024 at 11:15 am

    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.

    Faisal Haroon replied 2 weeks, 5 days ago 2 Members · 1 Reply
  • 1 Reply
  • Credit Card Debt And Zakat

    Faisal Haroon updated 2 weeks, 5 days ago 2 Members · 1 Reply
  • Faisal Haroon

    Moderator March 27, 2024 at 1:33 pm

    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.

    View Zakat Calculator

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