🕌 Free Cash & Savings Zakat Calculator, Nigeria 2026
Calculate your Zakat on Cash & Savings in Nigeria 2026: free, instant, halal-funded. Live NGN prices, Maliki madhab nisab. Based on AAOIFI & IFA-OIC standards and classical fiqh sources.
💵Cash & SavingsZakat Calculator
🇳🇬Nigeria · NGN
1Configuration
Country
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Current limitation: total wealth is compared with one threshold. Gold and silver nisabs are not assessed independently. Metal and mixed-asset results require qualified verification.
2Your Zakatable Assets
What would you like to enter?
Open the categories you need. Closing a category keeps its amounts in the calculation.
🥇 Gold
🥈 Silver
Bank accounts, savings, deposits, cash on hand.
Total market value of all crypto holdings.
Inventory + cash on hand + trade receivables. Exclude fixed assets (machines, furniture).
🏠 Real Estate
Primary residence is exempt (scholarly consensus). Zakatable below applies only to property held for resale or rental income.
Only the amount saved, not the property value itself.
3Debts & Liabilities
Debts due within the next 12 months may be deducted in the Maliki madhab.
Only next 12 months of payments, not the total outstanding balance.
4Zakat Calculation Result
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Important Disclaimer
This calculator provides a general estimate based on commonly accepted scholarly guidelines. Zakat obligations can vary based on individual circumstances, madhab, and local scholarly opinions. Always consult a qualified Islamic scholar for a ruling specific to your situation. This tool does not constitute a fatwa or religious ruling.
About Cash & Savings Zakat in Nigeria
Zakat on Cash & Savings in Nigeria is 2.5% of its market value, payable once your holdings stay above the nisab threshold for one full lunar year (hawl). The nisab equals the value of 85 g of gold or 595 g of silver (2026).
| Zakat rate | 2.5% |
|---|---|
| Hawl (holding period) | 1 lunar year (≈354 days) |
| Madhab | Maliki |
Calculate Zakat on your cash savings, bank accounts, and deposits in Nigeria. Our free calculator uses the Maliki madhab nisab threshold in NGN. Includes fixed deposits, foreign currency, and all liquid assets held for one lunar year.
Maliki Madhab Rule
Uses gold nisab (~85g value): higher threshold. Bank interest: principal zakatable, interest to be purified.
Source: Supreme Council for Islamic Affairs Nigeria
Frequently Asked Questions
What is the nisab for cash and savings in Nigeria?
The nisab for cash depends on your madhab. The Maliki school (predominant in Nigeria) uses the gold nisab. Use our calculator for the exact threshold in NGN.
Do I pay Zakat on my bank account?
Yes. All cash holdings including bank accounts, savings accounts, fixed deposits, and cash on hand are zakatable if the total exceeds nisab for one lunar year.
Is bank interest (riba) subject to Zakat?
The principal amount is zakatable. Bank interest is considered impermissible (riba) and should be purified: given away entirely to charity without expecting reward. Consult your local scholar.
Are debts deductible from my cash Zakat?
In the Maliki school, debts due within 12 months are deductible from zakatable wealth. The Shafi'i school does not allow any debt deductions.