Zakat and Personal Loans
Personal loans are deductible if they are due immediately. If the loan is being paid over time, scholars differ on how much to deduct.
If you have taken a personal loan and owe money, you may be able to deduct it from your zakatable wealth. The amount you can deduct depends on the repayment schedule.
Immediate Repayment Loans
Fully deductible.
If the entire loan is due immediately or within the next few months, you can deduct the full amount from your zakatable wealth before calculating Zakat.
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