Zakat Calculation on Money & Bank Balance

Calculating Zakat on your savings, paper currency, and bank balance can be confusing. In this video, Dr. Zakir Naik explains the step-by-step process of Zakat calculation on money and paper currency according to Islamic Law (Sharia). <br /><br />Topics covered in this video: <br /><br />How to determine the Nisab for cash and paper currency. <br /><br />The percentage of Zakat due on your total savings (2.5%). <br /><br />Difference between Zakat on Gold vs. Zakat on Cash. <br /><br />What time of the year should you calculate your Zakat? <br /><br />Learn the correct way to fulfill your third pillar of Islam with this detailed guide by Dr. Zakir Naik. <br /><br /><br />Zakat calculation, Zakat on money, How to calculate Zakat, Dr Zakir Naik, Paper currency Zakat, Islam, Ramadan 2026, Zakat on savings, Nisab of Zakat, Islamic finance, Zakat rules, Zakir Naik official, Pillar of Islam. <br /><br /><br /> Mathematical Reference (For your knowledge) <br />When explaining the calculation to your viewers in the comments or description, you can use the standard formula: <br /><br />Zakat Due=Total Halal Savings×2.5% <br />(Note: This is applicable only if the total amount has been in your possession for one lunar year and exceeds the Nisab value.) <br />