I am a student and I have received student loan (OSAP-Ontario student assistance program). Do I have to pay zakah for that loan?
Question number: 1272
Date posted: 2008-09-24
Answer:
There is no zakah due on the loan you receive from any source. Loan is a loan; it is not yours, for you need to pay it back when due.Zakah applies only to the wealth that you own, minus your own expenses and the debts you owe.