Can student loans be taken off as a liability for Zakah purposes ?
Fatawa Question
Can student loans be taken off as a liability for Zakah purposes ? 31st December 2010 Is a student loan added to ones Zakah liability section as a whole in every Zakah year until it is paid off unlike most deferred payment loans such as mortgages, where only the coming 12 months instalments will be added in the liability section. For example, if someone has taken a £ 10,000 student loan the £ 10,000 or whatever is the remaining sum will be added into his Zakah liability section unlike mortgages where he will only put the £ 1000 he is going to pay off that year in his liability section.
Fatwa
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Publisher
al-Qalam Shariah Scholar Panel
Publication Date
2010-12-31
Country of Publication
United Kingdom
Main Subjects
Topics
No. of Pages
2
Data Type
Fatawa
Language
English
Record ID
BIM-727370
American Psychological Association (APA)
al-Qalam Shariah Scholar Panel (Manchester, England). 2010-12-31. Can student loans be taken off as a liability for Zakah purposes ?. . Manchester England : al-Qalam Shariah Scholar Panel.
https://search.emarefa.net/detail/BIM-727370
Modern Language Association (MLA)
al-Qalam Shariah Scholar Panel (Manchester, England). Can student loans be taken off as a liability for Zakah purposes ?. Manchester England : al-Qalam Shariah Scholar Panel. 2010-12-31.
https://search.emarefa.net/detail/BIM-727370
American Medical Association (AMA)
al-Qalam Shariah Scholar Panel (Manchester, England). 2010-12-31. Can student loans be taken off as a liability for Zakah purposes ?. Manchester England : al-Qalam Shariah Scholar Panel.
https://search.emarefa.net/detail/BIM-727370
