faq regarding who needs to pay zakat
Is Zakat due on student loans or grants?
Zakat is not paid on loans you receive. But if you save part of a grant or income and it remains above Nisab for a year, then yes, you may…
Does Zakat apply to my pension?
This depends on whether your pension is accessible. If it’s locked and cannot be withdrawn, it’s not currently Zakatable. But once accessible or invested, it may become eligible. Seek advice…
What if my wealth drops below the Nisab mid-year?
If your wealth dips below the Nisab during the year and stays there until your due date, no Zakat is due. If it stays above the Nisab for most of…
Do children need to pay Zakat?
Some scholars say yes — if they own wealth above the Nisab, their guardians should pay Zakat on their behalf. Others say Zakat only applies to adults. It’s best to…
Do I have to pay Zakat if I have debts?
Yes, but you can deduct debts that are due soon. Long-term loans like mortgages don’t cancel your Zakat obligation.
