Question ID: 29829
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As salaam mu Alaikum Mufti,

JAZA_KA_ALLAH for taking the time to read this email.

A family member borrowed R60,000.00 from me 10 years ago. The understanding was that he would repay me monthly over a 3 year period.. (verbal not written).

After many attempts on my part to get the loan paid, he paid R20,000.00 this month and I have no idea when the balance will be paid.

Please advise what Zakat should be paid on and when , on the R20,000.00 that I have received considering that no zakat was paid for 10 years on the R20,000.00.

JAZA_KA_ALLAH for the help.

 

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Asked on December 13, 2013 6:39 pm
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Private answer
If you are payer of Zakaat, then you pay 2 1/2 % of R20,000,00 as Zakaat once off.
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Answered on December 13, 2013 6:39 pm