Zakat on Cash and Savings

Include all cash on hand, savings, and digital balances in Zakat.

Use the Zakat Calculator

Cash is the simplest zakatable asset. This includes cash at home, savings, money in wallets, and balances in payment apps.

Quick answer

  • Include all cash equivalents you control.
  • Convert to your base currency on your Zakat date.
  • Deduct eligible short-term debts if applicable.

How to calculate

  1. List cash at home, wallets, and digital balances.
  2. Add all savings and term deposits accessible to you.
  3. Convert any foreign currency to your base currency.
  4. Apply deductions for short-term debts if allowed.
  5. Pay 2.5% if total wealth exceeds Nisab.

Common mistakes

  • Forgetting small balances in apps or online wallets.
  • Ignoring foreign currency cash.
  • Including interest that should be purified separately.
Use the calculator to total your cash and savings.

FAQ

Do I include emergency savings?

Yes. All cash you control is zakatable if above Nisab.

What about interest earned?

Interest is not zakatable. It should be given away separately.

Do I include foreign cash?

Yes. Convert it to your base currency on the Zakat date.

Related guides

Zakat on Bank Accounts

Include all accessible balances in checking and savings accounts.

Zakat on Debts and Loans

Learn which debts reduce your net Zakatable wealth.

How to Calculate Zakat

A simple step-by-step guide for calculating your Zakat.

Zakat in Canada

Calculate Zakat in Canadian dollars and include local assets.

More resources: FAQ and About Zakat.