I have read in a book that if there is an outstanding debt of R120,000 on a house worth R120,000 the entire amount is exempt from Zakaat. Is that correct?

· 5 Dhuʻl-Qiʻdah 1421 AH1 min readFatwa 2168English

Question

If that is the case, one will not pay Zakaat for many years.

Answer

The ruling contained in that book is incorrect. Only the amount that is due for one year will be regarded as a liability. (Shaami vol.3 pg.177; Lebanon)

From: Al Mahmood 13 Q & A from the Darul Ifta
Mufti Ebrahim Desai

Answered by
Mufti Ebrahim Desai
Questions about this ruling, answered only from the archive with sources.

Where scholars differ, it’s safer to take the more cautious view.

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