• Written By: Mufti Abdul Azeem Khan

Zakah and credit card debt

Question: When I pay my yearly 2.5%, what if I have $10,000 in assets or cash? But I owe $8,000 on credit card debt Do I pay taxes on $10,000 or only on $2000?   Answer: In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi...