For long-term debts, most contemporary scholars hold that the portion due between the current and the next zakat date is deducted from one’s zakatable assets; zakat is then paid on the excess, provided it reaches niṣāb.^[1]

And Allah knows best.

Ml. Muhammad Bilal Khizar
Student, Darul Iftaa Chicago

Checked and Approved:

Mf. Abrar Mirza
Head Mufti, Darul Iftaa Chicago