Deductions from Zakatable total : Zakah jewelry while under debt on our residence
Fatawa Question
Assalamalaikum I would like to know if I and my wife would be obligated to pay Zakah. We currently borrow money from her parents the amount being over Nisab, for the purchase of an apartment. However, she currently has gold in her possession that is over Nisab, and that she has not liquidated (Though, I don't understand why women like to keep gold even though they never use, anyways that's another story). Are we then obligated to pay Zakah on the gold, even though we have a large debt to pay ? Also, would we have to do Qurbani.? We follow the Hanafi madhab. If you need more info, I would gladly forward it to you. Jazakallah
Fatwa
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Publication Date
2006-12-13
Main Subjects
Economics & Business Administration
Islamic Studies
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-792337
American Psychological Association (APA)
Qahf, Mundhir. 2006-12-13. Deductions from Zakatable total : Zakah jewelry while under debt on our residence. .
https://search.emarefa.net/detail/BIM-792337
Modern Language Association (MLA)
Qahf, Mundhir. Deductions from Zakatable total : Zakah jewelry while under debt on our residence. 2006-12-13.
https://search.emarefa.net/detail/BIM-792337
American Medical Association (AMA)
Qahf, Mundhir. 2006-12-13. Deductions from Zakatable total : Zakah jewelry while under debt on our residence.
https://search.emarefa.net/detail/BIM-792337
