Zakah calculation : do you deduct home mortgage from total of Zakatable items ?

السؤال

[Question One] : I hope your Ramadan is going well…Eid Mubarak ! I’ve had the following question from a lot of people this year… Do I subtract the entire amount of the mortgage on my personal residence from the amount I owe Zakat on ? If so, then most people who own houses will end up not paying Zakat-Ul-Maal. This is somewhat confusing, can you please clarify ? thank you, [Question Two] : In the short form that we pass out each year during Ramadan line 10 says to deduct all personal loans including mortgage. I looked into the source of this deduction, and Ahmed says that it was taken directly from the full version which was written by you. However I was not able to find a similar deduction in the full booklet. Regardless, ISNA has been mailing out the same calculation for at least several years during Ramadan, so whether the mistake was because we used the wrong authority (someone other than you) or that someone decided to change the short form, I don’t know. I do not see the same issue in the long version of the Zakat calculations, so I don’t think there is a mistake on your part. In any case, both forms are somewhat confusing…We should look into making a version that is easy to use for the non-scholar. Thank you once again,

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تاريخ النشر

2007-10-16

التخصصات الرئيسية

العلوم الاقتصادية والمالية وإدارة الأعمال
الدراسات الإسلامية

عدد الصفحات

3

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-785895

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