Cash · Bank Accounts · Fixed Deposits · Foreign Currency · 2026
Zakat on Cash & Savings
Calculator 2026
Cash Zakat sounds simple — but the details trip people up every year. Which bank accounts count? Does a fixed deposit qualify? What about foreign currency or money held in a digital wallet? This calculator answers all of it and walks you through your complete cash Zakat in under two minutes.
🏦 All Account Types
💵 Foreign Currency
📱 Digital Wallets
🌍 8 Currencies
🏦 Which Accounts Are Zakatable?
Scholar-Verified
💵
✓ Zakatable
Cash in Hand
Physical notes & coins at home
🏦
✓ Zakatable
Savings Accounts
All bank savings balances
💳
✓ Zakatable
Current / Checking
Everyday transaction accounts
🔒
✓ Zakatable
Fixed / Term Deposits
Locked principal balance
🌐
✓ Zakatable
Foreign Currency
Convert at today's rate
📱
✓ Zakatable
Digital Wallets
JazzCash, Easypaisa, PayPal etc.
📈
Give to charity
Interest / Riba Earned
Impermissible income on principal
🥈 Silver Nisab (Hanafi)PKR 4,45,253
🎓 Scholar-Verified
🏦 All Account Types
➗ Debt Deduction Built-in
🔒 No Data Stored
🚫 No Donation Pressure
💰 Cash & Savings Zakat Calculator
Enter all balances · deduct debts · get your Zakat
Live Nisab
🌍 Currency
📖 Nisab Standard
💡Quick Calculator: Enter all your cash and savings in a single total. For a detailed breakdown by account type, switch to the Detailed tab.
💰 Total Cash & Savings
Total Cash in Hand (physical notes & coins at home)
PKR
Total Bank Account Balances (all savings + current accounts combined)
PKR
Fixed / Term Deposits (principal balance — even if locked)
PKR
Digital Wallets (JazzCash, Easypaisa, PayPal, Wise etc.)
PKR
💳 Debts to Deduct
Short-term Debts Due (credit cards, personal loans due within 12 months)
PKR
🏦Detailed Breakdown: Enter each account or cash source separately for a clear picture. All balances are added together for the Nisab check.
💵 Physical Cash
Cash at Home / in Wallet
PKR
Cash Kept for Specific Purposes (wedding savings, emergency fund in cash)
PKR
🏦 Bank Accounts
Primary Savings Account Balance
PKR
Current / Checking Account Balance
PKR
Additional Savings / Joint Accounts
PKR
Fixed Deposits / Term Deposits (principal only — do not include riba interest)
PKR
📱 Digital & Other Balances
Digital Wallet Balances (JazzCash, Easypaisa, Nayapay, PayPal, Wise etc.)
PKR
Prize Bond / Govt. Savings Schemes (face value)
PKR
💳 Debts & Liabilities
Credit Card Outstanding Balance
PKR
Personal Loans Due Within 12 Months
PKR
Other Immediate Debts / Bills Due
PKR
🌐Foreign Currency: Enter foreign currency amounts and today's exchange rate. We will convert to your selected currency. All converted amounts are added to your zakatable cash total.
💵 Foreign Currency Holdings
USD Amount (US Dollars held in cash or foreign account)
USD
Exchange Rate — 1 USD = (enter today's rate in your currency)
PKR
GBP Amount (British Pounds)
GBP
Exchange Rate — 1 GBP = (enter today's rate)
PKR
SAR Amount (Saudi Riyals)
SAR
Exchange Rate — 1 SAR = (enter today's rate)
PKR
Other Foreign Currency (Any) (already converted to your currency)
PKR
Also Include Local Savings (add any local cash/savings here too)
PKR
💳 Debts to Deduct
Total Debts Due Within 12 Months
PKR
🤝Loans & Debts Calculator: Money others owe you is part of your zakatable wealth. Money you owe others reduces it. Get the full net picture here.
💰 Your Savings & Cash
Total Cash & Bank Balances
PKR
🤝 Money Others Owe You
Loans You Gave (Likely to Be Repaid) (confident of recovery)
PKR
Loans You Gave (Doubtful Recovery) (most scholars: defer Zakat until received)
PKR
Outstanding Salary / Business Receivables
PKR
💳 Money You Owe
Personal Loans Taken (Due This Year)
PKR
Credit Card Dues & Other Bills
PKR
📌Doubtful loans are not included in your zakatable total by default. If you later recover them, include them in that year's Zakat calculation.
Your Cash & Savings Zakat Due
PKR 0
Total Gross Cash
—
Debts Deducted
—
Net Zakatable Cash
—
Nisab Threshold
—
⚠️ This calculator gives an estimate. For complex financial situations, consult a qualified Islamic scholar. Disclaimer · Zakat FAQs · Full Zakat Calculator
📊 Today's Nisab Threshold
Manually verified prices — updated regularly
🥈 Silver Nisab
PKR 4,45,253
612.36g · Hanafi
🥇 Gold Nisab
PKR 37,83,750
87.48g · Shafi'i etc.
💰 Cash Zakat Quick Guide
✅
Cash at Home100% zakatable — all physical currency notes and coins.
✅
Savings & Current AccountsFull balance zakatable — principal only, not interest.
✅
Fixed DepositsPrincipal balance zakatable even if locked. Interest must be donated.
✅
Foreign CurrencyConvert at today's rate and include in total.
⚠️
Money Lent to OthersInclude if likely to be repaid. Defer if recovery is doubtful.
🚫
Interest / Riba EarnedNot yours to keep — donate entirely. Do not include in Zakat.
How to Use This Calculator
1
Choose Your TabBasic for a quick total. Detailed for account-by-account breakdown. Foreign Currency if you hold other currencies.
2
Enter Cash & BalancesInclude cash at home, all bank accounts, digital wallets and fixed deposits. Principal only — never include interest.
3
Deduct Short-term DebtsCredit cards, loans due this year, bills payable soon. Full mortgage balance is not deductible — only this year's instalments.
4
Check Nisab & Get ResultWe check your net total against the Nisab and instantly show your 2.5% Zakat due.
Related Calculators
The Clear Answer
Your Bank Balance and Zakat — Getting the Numbers Right
Here is something that surprises many people: cash is actually the most straightforward category of Zakat. There is no complex valuation, no intention test, no scholarly debate about what counts. If you own it and it meets the Nisab — 2.5% is due. The complications arise only in the details: which specific balances to include, how to treat interest you never wanted, and how much debt you can actually deduct.
Cash Zakat is also the foundation of your annual Zakat calculation. Even if you own gold, stocks or property, the cash component of your wealth is almost always the largest zakatable item. Getting this number right matters — both because underpaying is impermissible, and because many Muslims unknowingly overpay by including balances that should be excluded (like interest earned on savings accounts).
Cash & Savings Zakat Formula
Net Zakatable Cash = (All Cash + Bank Balances + Fixed Deposits + Wallets + Receivables) − Short-term Debts
Zakat = Net Zakatable Cash × 2.5% (if above Nisab after one full Hawl year)
Zakat = Net Zakatable Cash × 2.5% (if above Nisab after one full Hawl year)
📊 Worked Example — PKR Savings Portfolio
Cash at HomePKR 50,000
Savings Account (Meezan / HBL etc.)PKR 3,20,000
Current Account BalancePKR 1,80,000
Fixed Deposit (Principal Only)PKR 5,00,000
JazzCash / Easypaisa WalletPKR 15,000
Total Gross CashPKR 10,65,000
Credit Card Dues (deducted)−PKR 45,000
Net Zakatable CashPKR 10,20,000
Nisab Check (Silver · PKR 4,45,253)✓ Above Nisab
Cash Zakat Due (2.5%)PKR 25,500
The Interest Question — What to Do with Riba in Your Account
Conventional savings accounts accrue interest automatically — even if you never asked for it and did not want it. This creates a common misunderstanding: some people include the interest in their Zakat calculation, others exclude their savings entirely because the account "has riba in it." Both approaches are wrong.
The correct position, agreed upon by the major contemporary Islamic finance bodies, is this: include the principal balance in your zakatable wealth — it is genuinely yours and fully zakatable. Exclude the interest earned — it is not permissible income and must be donated entirely to charity without seeking any reward. Calculate Zakat on what is halal in your account; purify the rest by giving it away.
Fixed Deposits — Locked Money Still Has an Owner
A fixed deposit (or term deposit) feels separate from your ordinary savings because you cannot access it before maturity without penalty. But Islamic scholars are unanimous: the inability to withdraw does not remove ownership. You still own that money — the bank is simply holding it under agreed terms. Therefore the principal balance of any fixed deposit is fully zakatable, even if the maturity date has not arrived. Include it in your annual Zakat calculation just as you would any other savings.
What Can Actually Be Deducted?
| Debt / Liability | Deductible? | How Much? |
|---|---|---|
| Credit card outstanding balance | ✓ Yes | Full amount due now |
| Personal loan (due this year) | ✓ Yes | Instalments due within 12 months |
| Rent due imminently | ✓ Yes | Amount currently owed |
| Utility bills payable soon | ✓ Yes | Actual amount due |
| Business / trade payables | ✓ Yes | Amount due within 12 months |
| Home mortgage (full balance) | ✗ No | Only this year's instalments |
| Car finance (full outstanding) | ✗ No | Only instalments due this year |
| Long-term student loans | ⚠️ Partial | Instalments due within 12 months only |
📅
When Is "Today" for Cash Zakat?
Your cash balance for Zakat purposes is checked on your Hawl date — your personal annual Zakat anniversary. The balance on that specific day is what matters, not the annual average and not the year-end figure. Many Muslims set their Hawl date as the 1st of Ramadan for simplicity. Whatever date you choose, calculate consistently from year to year — and use the actual balance on that day across all accounts.
💸
Money You Have Lent to Others
Loans you have given to others are part of your zakatable wealth — because you are still the legal owner of that money. However, scholars distinguish between: (1) Good loans — money lent to someone reliable, expected to return. Include in zakatable wealth now. (2) Doubtful loans — money lent to someone in difficulty, recovery uncertain. Defer the Zakat on this amount until you actually receive it, then pay that year's Zakat on it.
🌐
Foreign Currency — Which Rate to Use?
Convert foreign currency holdings using the exchange rate on your Hawl date — not the rate when you originally received the money, and not an annual average. If you hold dollars, pounds or riyals abroad, look up the inter-bank rate on your Hawl date and use that for conversion. Digital wallets like Wise or PayPal that hold foreign balances follow the same rule. Our Foreign Currency tab in the calculator handles this conversion for you.
Use the Foreign Currency tab →
💰 Nisab vs. Average Savings — Country Comparison 2026
🇵🇰
Pakistan — Silver Nisab
PKR threshold to pay Zakat
PKR 4,45,253~36.5 months avg. salary
🇬🇧
United Kingdom — Silver Nisab
GBP threshold
£1,150~1 month median savings
🇺🇸
United States — Silver Nisab
USD threshold
$1,596Most salaried Muslims qualify
🇸🇦
Saudi Arabia — Silver Nisab
SAR threshold
SAR 5,866~1 month avg. salary
🇮🇳
India — Silver Nisab
INR threshold
₹1,45,607Widely attainable threshold
The Details That Matter
Four Cash Categories — Explained Properly
Cash Zakat is broad. These four categories cover every type of liquid wealth a Muslim is likely to hold — with specific rulings for each.
🏦 Bank Accounts — All Types
All four Madhabs · Unanimous position · Principal only
✅ Fully Zakatable
Every type of bank account is zakatable — savings, current, joint, salary accounts, and even dormant accounts you have not touched in years. The ruling is simple: if you own the balance and have the right to withdraw it, it is your wealth and Zakat is due on it. One critical rule applies to interest-bearing accounts: include only the principal (the actual money you deposited or earned legitimately). The interest element must be donated to charity separately. Do not calculate Zakat on interest, and do not include it in your Zakat base — it simply must be removed from your wealth and given away.
📊 Meezan / Islamic Account (PKR)
Account BalancePKR 4,50,000
Profit/Interest earnedDonate to charity
Zakatable AmountPKR 4,50,000
Zakat (2.5%)PKR 11,250
🔒 Fixed Deposits & Term Accounts
Majority position · Ownership does not require accessibility
✅ Zakatable Despite Lock-in
The lock-up period of a fixed deposit is irrelevant to Zakat because Zakat follows ownership, not access. You own the fixed deposit. The bank cannot use it for anything other than what was agreed. Your wealth is intact — it is simply parked for a defined period. The same principle applies to National Savings Certificates, prize bonds held for maturity, and other government savings instruments. On your Hawl date, calculate the current principal value of all such instruments and include them in your total. When the deposit matures and interest is credited — donate the interest, keep the principal, and continue paying Zakat normally.
📊 Fixed Deposit Zakat
Fixed Deposit PrincipalPKR 10,00,000
Interest Credited (donate)PKR 80,000
Zakatable AmountPKR 10,00,000
Zakat (2.5%)PKR 25,000
🌐 Foreign Currency Holdings
Currency treated as cash equivalent · Convert at Hawl-date rate
✅ Convert & Include
Foreign currency — whether USD, GBP, AED, SAR or any other — is simply cash in a different denomination. It is fully zakatable. The practical challenge is conversion: always use the exchange rate on your Hawl date, not the rate when you received it. This applies to: cash held abroad, foreign bank accounts, currency accounts in Pakistan, remittance money held in transit, and balances in international digital wallets like PayPal, Wise, or Skrill. If rates fluctuate significantly near your Hawl date, use the interbank mid-rate available from a reliable financial source on that specific day.
📊 Foreign Currency (PKR Example)
$5,000 USD × PKR 278 ratePKR 13,90,000
£800 GBP × PKR 352 ratePKR 2,81,600
Total Foreign (in PKR)PKR 16,71,600
Zakat (2.5%)PKR 41,790
📱 Digital Wallets & New Finance
Contemporary ruling · Same as cash · JazzCash, Easypaisa, Raast etc.
✅ Treat as Cash
Digital wallet balances are simply electronic cash — you own them, you can spend them, and they represent genuine monetary value. JazzCash, Easypaisa, Nayapay and similar Pakistani mobile wallets are fully zakatable. So are international services like PayPal, Wise, Revolut, and Skrill. Even if the wallet is linked to a specific purpose (e.g. an Easypaisa account you use only for utility bills), the balance on your Hawl date is zakatable. The only exception would be a wallet balance that is already committed as a payment in transit — most scholars treat in-transit money as no longer in the sender's possession. Treat all settled wallet balances as cash and include them in your total.
📊 Digital Wallet Summary
JazzCash BalancePKR 12,000
Easypaisa BalancePKR 8,500
PayPal (converted)PKR 55,000
Total Wallet Zakat (2.5%)PKR 1,887.50
Frequently Asked Questions
Cash & Savings Zakat FAQs
The questions that actually come up — about bank accounts, interest, locked deposits, loans, and the parts of cash Zakat that most people get slightly wrong.
My savings account earns interest automatically. Do I include the whole balance in Zakat?
+
Yes — include the full principal balance, but not the interest earned. The money you deposited (or received as halal income and saved) is yours and is fully zakatable at 2.5%. The interest that accumulated is impermissible under Islamic law and must be donated to charity — it is not yours to keep or include in Zakat calculations. Simply check your bank statement, note the principal amount (or deduct the interest from the total balance), and include that figure. This applies to both conventional savings accounts and even some Islamic bank accounts that distribute profit — in the case of Islamic profit-sharing, the profit may be halal and thus zakatable.
I have a fixed deposit that does not mature for another two years — is it zakatable now?
+
Yes. The majority of Islamic scholars hold that fixed deposits are zakatable from the time of deposit, regardless of maturity date. The reasoning is that you still own the money — it is simply restricted for a period under your own agreement with the bank. On your Hawl date, include the principal balance of every fixed deposit you hold. Each year you hold it, you pay 2.5% of its principal. When it matures, donate the interest, and in subsequent years include whatever portion of the principal you retain. If the deposit matures mid-year, include the recovered principal in your total wealth from the point of receipt.
I lent money to my brother three years ago. Is that loan part of my Zakat?
+
It depends on the likelihood of repayment. Most scholars divide loans into two categories. Category 1 — likely to be repaid: Include the loan amount in your zakatable wealth and pay Zakat on it annually (or pay all accumulated Zakat retroactively when the money is returned). Category 2 — doubtful or irrecoverable: You may defer Zakat on this amount until it is actually received. When recovered, pay that year's Zakat on it. For your brother's loan — if you genuinely expect repayment and it is a normal family loan, include it. If you have accepted internally that it may never come back, you may defer. Be honest with yourself about the assessment.
I have money saved for a specific purpose — my daughter's wedding or next year's Hajj. Is it still zakatable?
+
Yes. Saving for a specific purpose does not remove Zakat obligation. Whether you plan to use the money for a wedding, Hajj, a car purchase or home renovation — the money is still in your possession, it is still growing wealth, and it is fully zakatable on your Hawl date. Islamic scholars are clear on this: the intended future use of money does not change its current zakatable status. The only exception is money that has already been spent or formally committed (e.g. a deposit paid to a wedding hall) — once it leaves your hands as a binding payment, it is no longer in your wealth.
Can I deduct my home loan / mortgage from my cash savings for Zakat?
+
Only partially. The long-standing scholarly position — followed by the Hanafi, Shafi'i, Maliki and Hanbali schools — is that only debts immediately due are deductible, not the full outstanding balance of long-term loans. For a home loan, this means you can only deduct the mortgage instalments scheduled to be paid within the next 12 months, not the total remaining balance. If your annual mortgage payments total PKR 3,60,000, that is your deductible amount — not the PKR 60,00,000 still outstanding. This principle applies to car finance, business loans, and all other long-term debts.
My cash savings fluctuate a lot — sometimes above Nisab, sometimes below. When do I pay Zakat?
+
The Hawl principle provides the answer. Your Hawl (lunar year) begins on the day your total wealth first reaches or exceeds the Nisab. From that day, one full lunar year must pass for Zakat to become due. If your wealth drops below Nisab during the year, the Hawl resets — and begins again the next time your wealth reaches Nisab. So if your balance dips and recovers several times in a year, Zakat is only due if it remains at or above Nisab for a complete 354-day lunar year without interruption. Many scholars advise keeping a consistent Hawl date (like Ramadan 1st) and simply checking whether your wealth exceeds Nisab on that date each year — a practical approach for people with variable savings.
Do I pay Zakat on my salary before or after tax?
+
This question applies to the savings that result from your salary, not the salary itself. Most contemporary scholars recommend calculating Zakat on your net after-tax savings — what actually remains in your account after government income tax has been deducted, since tax is a compulsory obligation you cannot avoid. The income tax you pay reduces the cash that is genuinely in your possession, so Zakat should reflect what you actually have. That said, some scholars take a more conservative view and recommend calculating on gross income. Whichever position you follow, maintain consistency from year to year.
I have money sitting in a current account that I use for daily business — is it all zakatable?
+
Yes, for personal current accounts. The balance on your Hawl date is zakatable regardless of its intended operational use. For business current accounts, the Zakat calculation is slightly different — business cash forms part of the overall business Zakat calculation (along with stock, receivables and payables), and is handled separately under business Zakat rules rather than personal cash Zakat. If you are a sole trader and the money is truly personal — yours to withdraw and use at will — include it in your personal Zakat. If it is genuinely business money that belongs to a company or partnership, use our Business Zakat Calculator instead.
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