مَنْ كَانَ عِنْدَهُ مَالٌ بَلَغَ النِّصَابَ وَمَرَّ عَلَيْهِ حَوْلٌ، وَعَلَيْهِ دَيْنٌ يَسْتَغْرِقُ النِّصَابَ أَوْ يَجْعَلُ مَا بَقِيَ مِنَ الْمَالِ بَعْدَ قَضَاءِ الدَّيْنِ أَقَلَّ مِنَ النِّصَابِ، فَلَا زَكَاةَ عَلَيْهِ. مِثَالُ ذَلِكَ: مَنْ يَمْلِكُ أَلْفَ دِينَارٍ وَعَلَيْهِ أَلْفُ دِينَارٍ، أَوْ مَنْ يَمْلِكُ أَرْبَعِينَ دِينَارًا ذَهَبًا وَعَلَيْهِ دَيْنٌ ثَلَاثُونَ دِينَارًا ذَهَبًا؛ فَلَا زَكَاةَ عَلَيْهِ فِي هَاتَيْنِ الصُّورَتَيْنِ لِأَنَّهُ لَا يَمْلِكُ النِّصَابَ. عَنْ نَافِعٍ عَنِ ابْنِ عُمَرَ رَضِيَ اللهُ عَنْهُمَا قَالَ: قَالَ رَسُولُ اللهِ ﷺ: «مَنْ كَانَ عِنْدَهُ أَلْفُ دِرْهَمٍ وَعَلَيْهِ أَلْفُ دِرْهَمٍ دَيْنٌ، فَلَيْسَ عَلَيْهِ زَكَاةٌ».

Whoever has wealth which has reached the Nisab and a year has passed over it, and also has a debt which engrosses the Nisab or renders the remaining wealth after repaying the debt, less than the Nisab, does not pay any Zakat. This is for example if one who possesses 1,000 Dinars and owes 1,000 Dinars, or one who possesses 40 gold Dinars and indebted by 30 gold Dinars, there is no Zakat upon him in these two cases as he does not own the Nisab. From Nafi from ibn ‘Umar who said: The Messenger of Allah (saw) said: “If a person has 1,000 Dirhams and is in debt of 1,000 Dirhams, then there is no Zakat upon him.”.