A). A man works at a business and he deals with foreign
companies by buying on credit. Then a year passes on this cretit and he
is responsible for paying large sum of money. Therefore he asks that if
he wishes, can he pay what he owes of these debt to these companies
before they are due, and some days before a years expires on the debts,
so that he can avoid the Zakah on these sums that he owes? The time to
pay the debt will come some days after the completion of the year with
requires Az-Zakah to be paid. Is he committing a sin with this
intention?
B). How does he pay the Zakah of his wealth if the situation is as follows, for example:
1. The Value of the existing merchandise in storage at the end of the year is 200,000 riyals.
2. The Value of the debt that he owes is 300,000 riyals.
3. The value of debts that he is owed is 200,000 riyals.
4. The cash and balance is his bank account is 100,000 riyals.
If the time for paying some of these sum come and he delays in paying
until a year passes, then he takes this money out his account to pay it
to its owner after calculating it, and he removes it from his collected
wealth wile subtracting it from the debts he owes, does this exempt him
from paying its Zakah?
Tags :
qarz,
debt,
zakat,
az zakah