My zakaat date is 1 Muharram, I did the calculation and discharged my zakaat.
On 20 Muharram I took a loan of R 2500 000 to take ownership of a house. The repayment terms of the loan is R 10 000 per month. Currently I don’t have any other zakaatable assets or saving besides my monthly salary, i.e. +- R20 000 (meaning that my liabilities are more than my assets) Does my zakaat date still remain as 1st Muharram next year or does this alter my zakaat status. How do I calculate zakaat going forward?