Cash and savings total: Adding Cash Holdings Without Double Counting
A cash total combines physical cash, bank balances and eligible cash equivalents. It helps assemble an inventory before a broader calculation.
Use the Cash and savings total Calculator to enter your own figures and compare the result with the worked example below.
Cash and savings total formula
Cash base = Cash + Bank balances + Eligible cash equivalents
Worked example
| Item | Example value |
|---|---|
| Cash | 1000 USD |
| Bank balances | 10000 USD |
| Eligible cash equivalents | 4000 USD |
| Cash and savings total | 15,000 USD |
These are illustrative inputs, not current prices, rates or recommended targets. Where a currency is shown, keep all comparable money amounts in the same currency; conversion examples identify the two sides separately.
How to interpret the result
Do not count an account transfer as two separate holdings. For zakat use, determine eligibility separately under the chosen method.
Related calculations
Method and further reading
The example follows the FinMathly calculator method. For broader background, see Islamic Relief UK: Zakat calculation guidance. The background resource may use jurisdiction-specific terms; it does not replace the assumptions of this calculator.
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