Massallah pertaining to Zakaah

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Question ID: 38150
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Assalaamualaykum Mufti, please advise on the following
I have cash in the bank but have recently purchased a Vehicle through Islamic Finance. Should the outstanding value of the vehicle be deducted from the amount in the bank when calculating Zakaat

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Asked on January 1, 1970 12:00 am
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No

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Answered on January 1, 1970 12:00 am