FatwaKelantanTransactions & Finance
FATWA BERHUBUNG DENGAN TANGGUNGAN HUTANG SYARIKAT
Who is responsible for repaying a loan taken by a company director, and must the borrower's promise to pay the lender's zakat be fulfilled after his death?
Short answer
The Kelantan Islamic Religious and Malay Customs Council's Council of Ulama, meeting on 18 and 20 August 1993, ruled that the debt is borne by the person who incurred it.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Kelantan State Mufti Department
- Status
- Fatwa committee decision
- Series
- Fatwa Tidak Diwartakan: Sosial/Syariah
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The Kelantan Islamic Religious and Malay Customs Council's Council of Ulama, meeting on 18 and 20 August 1993, ruled that the debt is borne by the person who incurred it. Zakat is obligatory on the owner of the property. The borrower's promise during his lifetime to help settle the lender's zakat must be fulfilled by his heirs.
Written in our own words from the original fatwa — check the source before acting on it.
Dalam masalah ini hutang adalah tertanggung ke atas orang yang berhutang itu sendiri.
Read the full fatwa on the Kelantan website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Kelantan State Mufti Department. “FATWA BERHUBUNG DENGAN TANGGUNGAN HUTANG SYARIKAT”, date not stated. https://mufti.kelantan.gov.my/index.php?view=article&id=31:fatwa-berhubung-dengan-tanggungan-hutang-syarikat&catid=56. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/company-debt-liability-director-died/