Is zakat wajib on mortgage

DWQA QuestionsCategory: zakaatIs zakat wajib on mortgage
JonSnow Staff asked 3 years ago

Is zakat wajib on mortgage?

1 Answers
JonSnow Staff answered 3 years ago

Zakaah will not be waajib on a mortgage. If someone is the owner of nisaab amount but he borrowed it to someone else. Therefore zakaah will neither be waajib on him nor the person to whom he borrowed the money. Because one of the conditions for zakaah to be waajib is that the person must be the owner of that nisaab and he must have possession over it.