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Aslamalaykum

I would like to know do I pay Zakat on money owed to me. Do I pay zakat on it when i receive it back or do I pay even when it is not in possession.

Jazakallah

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Yes You have to pay Zakat once you have reached the Niswab for your currency. Niswab is one measure which checks whether you are able or not to pay Zakat.

  • Even if it is not in my possession? – Waqar May 13 at 9:54
  • Yes, of course. It is your money and it will be returned to you once. Hence you have to pay. – Basil Mohammed May 14 at 9:17

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