Use our free Zakat Calculator Cash to determine your Zakat on savings and liquid assets. Ensure your 2.5% contribution is calculated accurately and privately.
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Calculating Zakat is one of the five pillars of Islam, representing a mandatory act of charity for those who meet the wealth criteria. Our Zakat Calculator Cash is designed to help you determine exactly how much you owe on your liquid savings, bank balances, and business cash. By automating the math, we ensure you can fulfill your religious duties with confidence and precision.
Zakat is generally calculated as 2.5% of your net wealth. This includes all cash on hand, money in bank accounts, and funds owed to you that you expect to receive. To get an accurate figure, you must subtract your immediate liabilities—such as upcoming bills, short-term debts, or business expenses—from your total assets. If your net wealth exceeds the Nisab (the minimum threshold), Zakat becomes due.
If you also hold precious metals, you should use our Zakat Calculator for Gold and Silver to ensure your entire portfolio is covered.
Zakat is due once every lunar year (Hawl) on wealth that has remained above the Nisab threshold for that entire period. Many people choose to pay during Ramadan for extra blessings, but it can be paid at any time once the year is complete.
No. Zakat is not due on personal necessities like your primary residence, your vehicle, or the tools you use for your trade. It is only due on "growth" wealth like cash, gold, and investments.
The 2.5% rule is the standard rate of Zakat for wealth held in cash, gold, silver, and commercial goods. It is calculated as 1/40th of your total net assets.
The Silver Nisab is much lower than the Gold Nisab. Using the Silver threshold results in more people being eligible to pay Zakat, which increases the benefit to the poor. Many scholars recommend using the Silver Nisab for cash savings to be safe and more charitable.