Fatwaa.net - Fatawa | A person took a loan from the bank to buy land but did not purchase it, and the money remained in his possession for a year. Does he owe Zakat on it?

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27 / 04 / 2026

Zakat on Saved Money

Question

A person took a loan from the bank to buy land but did not purchase it, and the money remained in his possession for a year. Does he owe Zakat on it?

Answer

I say, and with God's success: Zakat is not obligatory on it; because it is a loan, he owes it to a party, and God knows best.