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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You may see this fatwa: islamqa.info/en/answers/125854/… – Crimson May 13 '19 at 10:08
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.
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Yes, of course. It is your money and it will be returned to you once. Hence you have to pay. – Basil Mohammed May 14 '19 at 9:17
