Zakat on Cash and Bank Balance Calculator
Cash in hand, bank accounts, digital wallets, savings-circle contributions, bonds, certificates and foreign currency in one place. The calculator compares the total with today’s Nisab and subtracts any Zakat you have already paid.
How the Nisab works for cash
Cash has no Nisab of its own; it is measured against the value of the gold or silver Nisab. Hanafi scholars use the silver Nisab (612.36 g of silver), the lower threshold, so that more people qualify and more reaches the poor; the other schools generally use gold (87.48 g). Because the threshold moves with metal prices, this page loads today’s price and shows the current Nisab automatically.
Zakat deducted at source? In some countries banks or employers deduct Zakat automatically. That deduction covers only the balance it was taken from. Calculate Zakat on all your wealth, then subtract what was already paid using the field above.
What counts as cash?
- Notes and coins at home, every bank account and digital wallet balance.
- Savings-circle contributions you have paid in but not yet received (a debt owed to you).
- The principal of bonds and savings certificates.
- Loans you have given to others that you expect to be repaid.
- Money set aside for expenses still counts if it is in your possession on your Zakat date.
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Frequently asked questions
What is the Nisab for cash?
Cash is measured against the gold or silver Nisab. In the Hanafi school the silver Nisab (today’s value of 612.36 g of silver) applies; in the other schools it is usually the gold Nisab (87.48 g). If your cash and other zakatable wealth reach that value after a lunar year, 2.5% is due.
Do I pay Zakat on money in a savings circle?
Contributions you have paid in but not yet received back are a debt owed to you and count as your wealth. If you have already received the pot, the instalments you still owe are your debt and can be deducted to the extent they fall due within the year.
Is Zakat due on bonds and savings certificates?
Yes. Their principal is treated like cash and 2.5% is due on its current value. Any interest earned should, according to scholars, be given away without expecting reward.
Zakat was deducted from my account automatically. Do I still pay?
An automatic deduction covers only that account’s balance. Calculate Zakat on all your wealth and subtract the amount already deducted. If your own Zakat date falls before the deduction, calculate on your date and treat the deduction as an advance for the following year.