Q: I have a question issue on Zakat relating to loan deduction. I calculate all zakatable amounts for the year but I read that the loan deduction is only the monthly installment during which I am paying the zakat and not the annual loan repayment. What is the logic?
A: Some Ulama are of the opinion that the year's deduction can be made. We are of the opinion that only the month in which Zakaat becomes compulsory, that months deduction can be made. This is more beneficial for the needy.
Allah Ta'aala knows best.