Universal Zakat on Cash & Savings Studio زَكَاةُ النُّقُودِ وَالمُدَّخَرَات
Comprehensive liquidity computation engine covering physical cash, bank deposits, digital wallets, good receivables, interest purification, global currencies with live country flags, and dual gold/silver Nisab matrix.
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(Saudi Riyal - ﷼)
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| Monetary Asset / Liability Item | Amount |
|---|---|
| Physical Cash (Wallet & Home Vault) | 0.00 |
| Checking / Current Bank Accounts | 0.00 |
| Savings Accounts (Principal Capital) | 0.00 |
| Digital Wallets (STC Pay, Apple Pay, Wise, PayPal) | 0.00 |
| Fixed Term Deposits / CDs | 0.00 |
| Good Debts Expected to Be Repaid (Al-Dayn al-Marju) | 0.00 |
| Gross Liquid Monetary Wealth | 0.00 |
| Immediate Liabilities & Due Bills (Deducted) | -0.00 |
| Net Zakatable Cash Capital | 0.00 |
| Active Nisab Threshold Benchmark | 0.00 |
| Nisab Status | Below Nisab (Exempt) |
| Zakat Obligation Due (Lunar 2.5% / Solar 2.577%) | 0.00 |
🛡️ Mandatory Interest Disposal Protocol (تطهير الفوائد البنكية)
According to the OIC International Islamic Fiqh Academy (Resolution 21), all interest received from conventional banking institutions is strictly categorized as Mal Haram (unlawful revenue).
- Cannot Be Retained: You cannot keep bank interest as personal profit or reinvest it.
- Cannot Be Used to Pay Zakat: Zakat must only be paid from pure, lawful wealth (Al-Mal Al-Tayyib).
- 100% Charity Disposal: The full interest amount must be given to public charity (infrastructure, poor relief, sanitation) without expecting spiritual reward (Thawab).
Classical Fiqh of Cash Zakat, Hawl & Asset Fluctuations
Authentic Islamic legal principles governing paper fiat money, bank deposits, and personal savings.
📜 Fiat Money Possesses Complete Thamaniyyah
Modern legal tender banknotes carry the exact same Shariah rulings as gold and silver currency (Nuqud). Once your net cash equals or exceeds the Nisab threshold for a complete lunar year (Hawl = 354 days), paying 2.5% is an absolute religious obligation.
🔄 Cash Additions Merge Into Existing Hawl
Under the classical Hanafi school and standard institutional accounting, salary income, bonuses, and monetary gifts accumulated during the year do not require a separate 354-day waiting period. They merge directly into your primary Hawl anniversary date.
🤝 Monies Lent to Others (Al-Dayn al-Marju)
If you have lent money to a solvent, trustworthy friend or family member who acknowledges the debt and is able to repay, you must account for this receivable annually as part of your active Zakatable cash holdings.
🏠 Savings for Marriage, Hajj or Buying a Home
Cash earmarked for future life goals (purchasing real estate, marriage expenses, or Hajj pilgrimage) remains subject to Zakat as long as it is still in your monetary possession on your Hawl date. Only immediate debts due today can be deducted.