Loan on a House : LUSENET : Zakbt : One Thread

I have a loan on my house ($70,000); to calculate my due zakat do I have to deduct $70,000 from Nisab and pay the zakat; or the loan have nothing to do with zakat. That loan I have to pay in next 10 years.

-- Akhtar M . Nasir (AMNasir@AOL.COM), December 20, 1998

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