What Debts Can You Deduct from Zakat?
Short-term debts that are due immediately can be deducted from your zakatable wealth. Long-term debts are treated differently by scholars.
If you owe money that is due very soon, you can deduct it from your wealth when calculating Zakat. This includes debts due within the next few months.
What Counts as Deductible Debt?
Immediate liabilities.
Debts you can deduct include: credit card bills due now, personal loans with imminent payments, unpaid rent, and money you owe to suppliers. The key is that the debt is due right away.
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