Question:

I have given some Qarza Hasana to an Islamic institute as a long term loan. This money was originally for the education of my non-baligh (non mature) children. Do I have to pay Zakaah upon this money whilst it is with the institute.

Answer:

The basic rule is that one must give Zakah on debts given to others. If however it is a long term loan one is permitted to give the Zakah when one actually recieves the loan back, calculatig the sum for the preceding years.

Mufti Mohammed Sajjad

Wallahu Aalam bis-sawab

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The answer to this question is the opinion of the scholar and does not reflect the opinion of other scholars of As-Suffa Institute and As-Suffa Institute as an organisation.