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April 27, 2020
Do I pay Zakat if I am indebted?
If you are in debt, you may still need to pay Zakat—depending on your situation. If your debts are large and reduce your wealth below the nisab (minimum threshold), then you do not have to pay Zakat. But if you still own wealth above the nisab after subtracting what you owe, then you must pay 2.5% Zakat on that remaining amount.
Calculate your Zakat here.
For specific situations, Ask an Expert at NZF Canada.
explore faqs
Your Questions about Zakat Answered
Here you will find more answers to your zakat questions.
Do I pay Zakat if I am indebted?
If you are in debt, you may still need to pay Zakat—depending on your situation. If your debts are large and reduce your wealth below the nisab (minimum threshold), then you do not have to pay Zakat. But if you still own wealth above the nisab after subtracting what you owe, then you must pay 2.5% Zakat on that remaining amount.
Calculate your Zakat here.
For specific situations, Ask an Expert at NZF Canada.
explore faqs
Your Questions about Zakat Answered
Here you will find more answers to your zakat questions.
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