Question ID: 28802
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An amount was invested with a person (Debtor) for Business Purposes and it was agreed that the Debtor would pay a monthly dividend. Also, agreed is that if the creditor requires the funds, the debtor needs to be given reasonable notice to pay back the investment.
What I would like to know is whether Zakaat is payable on the investment or not?

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Asked on April 20, 2008 12:00 am
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Private answer
No, only payable on receiving installment which is 'higher' than 'nisaab' amount
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Answered on April 20, 2008 12:00 am