According to Madhhab:
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?
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