1. Money accounted for Zakah is that beyond one's basic needs.
    

2. The Nisab liable to Zakah on cash, banknote and coins is to be determined according to its corresponding value of gold (85 grams of fine gold), based on the current rates of the country in which the payer of Zakah resides.
    

3. If one's property of cash, banknote and coins is less than the Nisab, according to the Hanafi Juristic School, the value of other cash property (gold or silver) may be added to the value of cash, banknote and coins so as to complete the minimum amount counted for Zakah. Once the total reaches the Nisab, Zakah falls due.
    

4. Once Zakah is paid on a property, it absolves the owner, even though the property is then transferred to a type different from that on which Zakah has first been paid. For example, when crops or cattle are sold, thus transferred to cash money, this new type of property is not liable to Zakah at the same year on which Zakah is paid on the former type. This in fact leads to double payment of Zakah, which is contradicted by the Prophet's Hadith in which he observed, "There is no double payment of Zakah."

Debts owed to or by the payer of Zakah should follow the rules governing Zakah on debts.