Zakat & giving guides
How are savings and cash considered for zakat?
2 min read
Gather the balances that may be relevant
Make a clear list of cash you own and savings or account balances that your scholarly method treats as eligible wealth. Include accounts consistently and distinguish your own funds from money held for someone else.
Do not count the same money twice because it appears in more than one account or record. If access, ownership, or restrictions are unusual, ask a scholar how to treat them.
Check nisab and the date you follow
Compare your eligible wealth with the nisab standard you follow and use the timing approach given by your scholar. Treatment of balances that rise or fall during the year is not identical across all explanations.
The site’s calculator can total the amounts you enter. It does not track your account history or decide whether the required conditions have been met.
Ask before deducting liabilities
Debt deductions can differ by approach, including how to handle instalments and liabilities due at different times. Enter only a deduction you have been advised is appropriate for your circumstances.
Keep a note of the balances, date and method you used. This makes it easier to review your estimate with a qualified scholar.
Common questions
Should I add all my bank accounts together?
Prepare a complete list of accounts and avoid counting the same funds twice. Ask a qualified scholar how particular accounts or restricted funds should be treated.
What if my savings changed during the year?
Scholarly approaches can differ on changing balances and timing. Follow a consistent method from a qualified scholar rather than assuming a single rule.
Can I subtract every loan payment?
Do not assume every payment or long-term balance is deductible. Debt treatment differs; confirm it with a qualified scholar.