If I have ₹10,000 in the bank but also have a loan of ₹50,000, do I still need to pay Khums on that ₹10,000? The loan was taken for an asset.

BankLoanKhums
If I have ₹10,000 in the bank but also have a loan of ₹50,000, do I still need to pay Khums on that ₹10,000? The loan was taken for an asset.
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 1 day ago

If you use that 10000 in repaying your loan and nothing remains from it, then no Khums on it as you already spent it is repayment of your loan. If you don't intend to use it in repayment if your loan and want to keep it as a saving, then Khums is applicable on it like any other saving.

Wassalam.