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Zakat Upon The Return Of Loaned Amount
if someone lent an amount of money that is above Nisab ten years ago, and receive the money today, should he/she pay Zakat for each year or only for current year.
Regards,
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3 Replies
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Zakat Upon The Return Of Loaned Amount
updated 1 year, 10 months ago
2 Members
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3
Replies
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He will pay zakat only for the current year.
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Thank you sir, what would be the reasoning behind why should he/she is not obliged to pay for the other years, since Zakat is obliged forevery year.
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The amount he loaned was not in his possession and it was already serving a good purpose.
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