Do you have to give zakat on the money you have given out as a loan to someone?
Zakat is payable by you on loans you have given to your friends and relatives. It should be treated as cash in hand. You may deduct loans payable by you to arrive at the net present value of your wealth.
"We were not put on this earth to facilitate easier driving to a video store."
"Eating is to preserve life, not living to eat and yet eat more."