Mufti Online — Madrasah Ta'leemuddeen

Does Zaid have to pay zakaat on the collateral and jewelry for the previous years?

Published as Zakaat on Collaterals

· 16 Rabiʻ I 1433 AH1 min readEnglish

Question

Zaid took a loan from Bakr. Bakr demanded a certain amount of cash and jewelry as collateral for the loan. Zaid paid back the loan after three years. Does Zaid have to pay zakaat on the collateral and jewelry for the previous years?

Answer

Zakaat is not fardh upon the collateral. Hence, Zaid will not have to pay zakaat upon that amount.

References (Arabic / Urdu sources)

(فلا زكاة على مكاتب ) لعدم الملك التام ولا في كسب مأذون ولا في مرهون بعد قبضه (الدر المختار 2/263)

(قوله وملك نصاب حولي فارغ عن الدين وحوائجه الأصلية نام ولو تقديرا) ... ومن موانع الوجوب الرهن إذا كان في يد المرتهن لعدم ملك اليد (البحر الرائق 2/218)

ومنها الملك التام وهو ما اجتمع فيه الملك واليد وأما إذا وجد الملك دون اليد كالصداق قبل القبض أو وجد اليد دون الملك كملك المكاتب والمديون لا تجب فيه الزكاة ... ولا على الراهن إذا كان الرهن في يد المرتهن هكذا في البحر الرائق (الفتاوى الهندية 1/172)

فتاوى محموديه 14/82

Answered by
Mufti Zakaria Makada
Checked & approved by
Mufti Ebrahim Salejee (Isipingo Beach)
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/44
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