Aslaamolaikum-Wa-Rahmatullah, May this message find you in the best of health and emaan (Ameen). Someone wants to know the details on how to pay zaka on cash reserve that may have been left over in their bank account and else where. In this case following details are requested: 1. How much zaka is applied on the cash reserve? 2. Under what conditions zaka is exercised on cash? 3. Does the amount of cash that is eligible for zaka has to remain a 'surplus' amount for a certain period like 12 months or so? Or 4. Is any amount of cash left over at the end of the day is subject to zaka? 5. what about those who are under debt. In case if the cash reserve is utilized to pay off debt then personal finances will be 100% depleted yet expenses/bills pile up for the individual to pay on a monthly basis. In this case could there be an alleviation/exemption/wavier for some kind under these conditions I await for your feedback jazakallahkhair

AAWW

1-      Zakah rate is 2.5%

2-      When the cash (along with other money he might have) reaches the Nisab threshold, which is equivalent to the retail value of 85 grams of gold in the Zakah due date. And when one full lunar year passes since the possession of the Nisab. This entails that the money is a surplus and not immediately needed.

3-      Regardless of the cash flow you might have during the year; only the remaining money in the Zakah due date is Zakatable.

4-      From any debt you are incurred; you need to deduct only the due debt when calculating your Zakah, while the full amount of debt is not to be counted because it is not due yet.