Zakat on Money Calculator

Zakat on money (cash savings) is an obligatory 2.5% annual charity on wealth that has been held for one full lunar year and meets or exceeds the nisab threshold.

Nisab is the minimum amount of wealth required before zakat becomes obligatory. It is equivalent to the value of 87.48 grams of gold or 612.36 grams of silver. Most scholars recommend using the silver value (lower threshold) to help more people in need.

Nisab is calculated by multiplying the current market price of gold or silver by the specified weight. For silver: 612.36 grams × current silver price per gram. For gold: 87.48 grams × current gold price per gram.

Yes, zakat applies to all cash and liquid assets you possess, including checking accounts, savings accounts, and cash on hand, provided the total meets nisab and has been held for one lunar year.

Debts that are due within the year can be deducted from your total wealth before calculating zakat. Calculate: (Cash - Immediate Debts), then if this meets nisab, pay 2.5% zakat.

Zakat is due once your wealth reaches nisab and remains at or above nisab for one complete lunar year (hawl). Many people choose to pay during Ramadan, but you can pay on your own annual due date.

The standard zakat rate on cash and liquid assets is 2.5% (or 1/40th) of the total wealth that has been held for one lunar year.

Yes, it is permissible to pay zakat in advance before the full lunar year has passed. This can be beneficial if there is an urgent need or during Ramadan.

All liquid assets including: cash, bank deposits, savings accounts, money market accounts, certificates of deposit, and digital currency (if considered wealth in your jurisdiction).