Zakah while having a mortgage loan
I have a Zakat question. I need to pay my last year's Zakat if you can kindly answer my question. I have submitted this to many sites, but they do not answer. Wallah Alam.I have assets (stocks) of about $200,000. I also have home mortgage loan of $500,000. Right now I am making monthly payments for my loan, but I am waiting for my stock to appreciate so I can payoff the loan. Do I owe Zakat? Is loan not deducted from assets to calculate Nisab?I am anxiously waiting for your response. Please!