Zakat on Savings & Cash Calculator
Last updated: June 2026 · Free · No sign-up required
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Cash is the simplest zakat case and the easiest to get slightly wrong. The rule: add every cash-type asset — cash in hand, bank balances, deposits, foreign currency, money lent out that you expect back — subtract debts due within the year, and if the net meets nisab and has been held a lunar year, 2.5% is due. This calculator walks each line and applies the thresholds at today’s metal prices.
It shows both nisab standards — 595 g of silver (the lower bar most scholars recommend for cash, since more of the poor benefit) and 85 g of gold — and reminds you of the trap in conventional accounts: interest is not your money and is never part of the zakat base; it must be given away separately.
Quick reference
| Net savings | Silver nisab ($565.25) | Zakat due (2.5%) |
|---|---|---|
| $500 | Below — exempt | $0 |
| $5,000 | Above | $125 |
| $15,000 | Above | $375 |
| $100,000 | Above | $2,500 |
mosque Calculated to Shariah-compliant formulas
Every Islamic calculator on CalcaTools uses formulas from recognised Shariah authorities — the Hilal Committee's Hijri conversion tables, the MWL/ISNA/Umm al-Qura prayer-time methods, the four-school consensus for Zakat Nisab, and the Faraid distribution rules from classical fiqh. The exact authority is cited on every tool page.
menu_book Sunni & Shia rules side by side
For tools where the calculation differs between schools (Faraid inheritance, certain Zakat triggers, prayer-time conventions), we surface the choice as a selector and document the difference in the methodology block. Pick the school that matches your tradition — the answer adjusts.
savings Zakat with the live Nisab
Zakat tools fetch the current spot gold/silver price (or let you enter your local rate) so the Nisab threshold reflects today's value, not a stale figure from last year. The 2.5% rate is the standard hawl-based calculation; agricultural Zakat (1/10 or 1/20) is available on the dedicated Ushr calculator.
verified For guidance, not a fatwa
These calculators give you the number — they do not give a fatwa. For complex personal situations (inheritance with revoked rights, mixed-asset Zakat, late prayer makeup rules), please confirm with a qualified scholar in your tradition. We're here to help with the arithmetic, not to replace your local imam.
Interpretation guide
| Item | Treatment |
|---|---|
| Silver nisab (595 g) | Lower threshold — recommended by most scholars so more of the poor benefit |
| Gold nisab (85 g) | Higher threshold — some follow it for cash-only wealth |
| Money lent out | Include if repayment is realistically expected |
| Interest earned | Not yours — exclude it and give it away separately (it is not zakat) |
Formula & methodology
Formula: Zakat = 2.5% × (cash + bank + deposits + FX + recoverable loans − short-term debts), if ≥ nisab
- Add every cash-type asset: physical cash, bank accounts, savings/fixed deposits (principal), foreign currency at today's rate and loans you expect repaid.
- Deduct debts falling due within the next 12 months.
- Compare the net against nisab — 595 g of silver (default) or 85 g of gold at today's prices.
- If the net meets nisab and has been held a lunar year (hawl), zakat is 2.5%.
Worked example: $2,000 cash + $8,000 bank + $5,000 deposits + $1,000 lent out − $1,000 debts = $15,000 net. That clears the silver nisab ($565.25 at $0.95/g), so zakat due = 15,000 × 2.5% = $375.
Frequently asked questions
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