Question
I have forwarded a large sum of money for some goods which have as yet not been despatched. Three years have passed. The money will be refunded to me soon. Am I liable to pay Zakaat currently on this amount?
Answer
As long as the money is not in your possession, you don't have to pay Zakaat on it. However, once you receive the money, then you will have to pay Zakaat for the past years as well.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 20 No 03
- PDF page
- 5
Appears under Questions and Answers (approximate).