Salam Brothers,
A quick query on Zakat. I have a high amount of outgoings set to take place over the next few months. Would this amount be deductible from my zakat?
Wa alaykum salaam,
Whatever has been incurred, can be deducted. Expected future costs which haven’t been incurred or contracted as of yet cannot be deducted.
Allah knows best
Jazakhallah Khair for the feedback. As an example if I have an agreement that I need to give £100 as mahr. But it has not been paid as of yet but will be soon. I would not pay zakat on this?