Liability exceeding assets to cancel Nisaab

Category: 

Zakaat & Charity

According to Madhhab: 

Hanafi

Reference: 

1441-010

Question: 

I know that
if a person's wealth reaches 0 then his previous zakat payment date no longer
remains the same but the one year from the next date he attains nisab will
be his date. 

What if a
person's liabilities are more than his total assets will this suffice to cancel
his previous date? 


Answer: 

If the current liabilities of a person exceed his assets (because of which he/she is in debt) then too his current Zakaat date falls away. When he gets the Nisaab again and maintains it for a year, then this will be his new Zakaat date on which he will discharge his Zakaat.

AND ALLAH TA’ALA ALONE IN HIS INFINITE KNOWLEDGE KNOWS BEST

ANSWERED BY: Mufti Mohammed Desai 

CHECKED AND APPROVED BY: Mufti Muhammed Saeed Motara Saheb D.B

Date: 07 Muharram 1441 

English Date: 07 September 2019

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