Can a rich person give a promissory note having a fixed term as zakat to a poor person?
Zakat can be given in kind like food and clothing items as well as in cash like money, foreign currency and gold. A promissory note is a document arranged between two people showing to whom a right, property or borrowed money belongs. Therefore, a rich person, who is a mukallaf of zakat, can give a promissory note that he definitely knows that will be paid in due time to a poor person as zakat.