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Zakat on Savings Calculator | Compute 2.5% Zakat After Debts

Calculates the 2.5% zakat due on cash, bank balances, deposits, foreign currency and money lent out — after debts — with live gold and silver nisab thresholds.

Last updated: June 2026 · Free · No sign-up required

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Halal deposits — principal only; give away any interest separately.

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Results

Enter values above and click Calculate to see your result instantly.

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 savingsSilver nisab ($565.25)Zakat due (2.5%)
$500Below — exempt$0
$5,000Above$125
$15,000Above$375
$100,000Above$2,500

info Zakat on Savings & Cash Calculator

Free islamic calculator — enter your numbers and get an instant, accurate result.

info Private by design

Everything runs locally in your browser. No uploads, no accounts, no tracking.

info Works everywhere

Fully responsive and mobile-friendly — calculate on any device, any time.

info Educational

Includes the formula and step-by-step explanation so you understand the math, not just the answer.

Interpretation guide

ItemTreatment
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 outInclude if repayment is realistically expected
Interest earnedNot yours — exclude it and give it away separately (it is not zakat)

lightbulb Worked example

Let's say you are using the Zakat on Savings & Cash Calculator. Calculates the 2.5% zakat due on cash, bank balances, deposits, foreign currency and money lent out — after debts — with live gold and silver nisab thresholds. Enter the values that match your situation into the input fields and press calculate — using realistic numbers makes the result directly useful for you.

Result: The calculator instantly applies the formula Zakat = 2.5% × (cash + bank + deposits + FX + recoverable loans − short-term debts), if ≥ nisab and returns the result with appropriate precision.

What this means: Read the result in the context of what you are measuring. The step-by-step breakdown lets you confirm the math and understand which input most affects the outcome.

Formula & methodology

Formula: Zakat = 2.5% × (cash + bank + deposits + FX + recoverable loans − short-term debts), if ≥ nisab

How zakat on savings is calculated

The tool applies Zakat = 2.5% × max(0, zakatable assets − short-term debts), where zakatable assets include cash, bank and deposit balances, foreign currency, and recoverable loans. The nisab threshold — the wealth level above which zakat becomes due — is checked first, and the hawl (one lunar year of ownership) is assumed to have passed.

Example: savings of $8,000 with $1,000 of short-term debts give net zakatable wealth of $7,000, and zakat of 2.5% × $7,000 = $175.

Reading the result: if net wealth falls below nisab, no zakat is due that year. The deduction of debts due within the year follows the majority scholarly view, and the 2.5% rate is the standard for cash and savings. Confirm the nisab standard (gold or silver) with your local authority.

Authoritative source: Islamic Relief

Frequently asked questions

How much zakat do I pay on savings?
The Zakat on Savings & Cash Calculator is free, private, and accurate: it runs entirely in your browser (no uploads, no accounts), applies the standard calculation, and explains each step so you can verify the result. Calculates the 2.5% zakat due on cash, bank balances, deposits, foreign currency and money lent out — after debts — with live gold and silver nisab thresholds. There is no limit on usage, and it works on any device.
What is the nisab for savings in 2026?
Nisab is the wealth threshold for zakat: approximately 87.48 grams of gold or 612.36 grams of silver, valued at current prices. In 2026, the silver-based nisab typically works out to roughly $500–800 and the gold-based nisab to several thousand dollars, depending on market prices. If your net zakatable assets reach that threshold and a lunar year passes, 2.5% zakat is due.
Do I pay zakat on money in a fixed deposit?
Yes — money in fixed deposits is zakatable like any other savings, including the interest it earns, though the interest portion itself is typically given away as purification rather than counted as zakatable wealth. The full balance, principal plus interest, is included in your zakatable assets at 2.5% when the total passes nisab and a lunar year passes.
Are debts deducted before zakat?
Debts due within the coming year — rent, bills, and loan instalments — are deductible per most contemporary scholars, because zakat applies to wealth you can actually access. Long-term debt like a mortgage is deducted only for the instalments due that year, not the whole balance, on the dominant view. Enter your short-term liabilities and the calculator nets them against your assets.
Do I pay zakat on money I lent to someone?
If repayment is realistically expected, include it and pay annually (the safest view). If the loan is doubtful, many scholars say zakat becomes due only when — and for one year after — you actually recover it.
What does the Zakat on Savings & Cash Calculator do?
Calculates the 2.5% zakat due on cash, bank balances, deposits, foreign currency and money lent out — after debts — with live gold and silver nisab thresholds. The calculator takes your inputs, applies the standard calculation, and returns a clear result so you can make an informed decision without doing the math by hand.
What formula does the Zakat on Savings & Cash Calculator use?
The Zakat on Savings & Cash Calculator applies the standard formula: Zakat = 2.5% × (cash + bank + deposits + FX + recoverable loans − short-term debts), if ≥ nisab. The tool walks through each step of the calculation so you can verify the numbers yourself.
Is the Zakat on Savings & Cash Calculator free and private?
Yes — the Zakat on Savings & Cash Calculator. There is no sign-up, no paywall, no trial, and no limit on how many calculations you can run. CalcaTools covers its costs with non-intrusive display advertising, so the calculator itself never asks for payment or restricts any feature.
How accurate is the Zakat on Savings & Cash Calculator?
The Zakat on Savings & Cash Calculator applies the standard formula: Zakat = 2.5% × (cash + bank + deposits + FX + recoverable loans − short-term debts), if ≥ nisab. It is tested against published worked examples before launch and uses native double-precision arithmetic, so results are accurate to typical precision for the values you enter — with no intermediate rounding that could distort the answer.

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