How do I deduct from my Zakaat amount the money that I am owing? For example I am owing R275 000 on my vehicle of which I am paying R5 000 per month. Do I deduct the full amount owing or only that amount which I will pay in one year (i.e. R60 000 for the car)? Does the monthly household expenses also get deducted if you know you need say R20 000 for the month to meet your needs?
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Question ID: 40004