Paying Zakat While Having a Mortgage or Debt

CategoriesZakah [192]

Fatwa ID: 04958

 

Answered by: Maulana Muhammad Asadullah Anwar Adam

 

Question:

 

I have some assets and I recently bought a house as well in the UK through a conventional mortgage. It is my understanding that the Zakat is due to be paid net of obligations. When I calculate the zakat next time around do I need to factor in the loan/mortgage that I have on the house (as the house is not considered for the purpose of Zakat computation)?

 

 

In the name of Allah, the Most Gracious, the Most Merciful

 

 

Answer:

 

Debts are an exemption from zakaat[1]. Due to your debt being a recurring one with regular installments, the installments for one Islamic year will be exempted from the nisab of Zakat.

 

 

Only Allah knows best

Written by Maulana Muhammad Asadullah Anwar Adam

Checked and approved by Mufti Mohammed Tosir Miah

Darul Ifta Birmingham

 

 

[1] [Raddul Mukhtar volume 3, page 176, Dar Sadir Print]

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