May A Cheque Or Promissory Note Of A Future Receivable Be Given As Zakat?
May a cheque or promissory note of a future receivable be given as zakat?
Zakat may be given as foodstuff and clothing, or as money, foreign currency and gold. Cheque or note payable are the documents issued between two or more people to declare the owner of the money or goods. Therefore, it represents the money written on it. Accordingly, a rich obligant of zakat may give the poor on account of zakat this note payable that he knows certainly to be paid. However, the obligation will be fulfilled only when the money is recovered. If the note is not paid, one needs to pay zakat again (Ibn Abidin, Radd al-Muhtar, III, 227-233).
Source: Presidency Of Religious Affairs The Turkey, High Board of Religious Affairs FATWA
