KARACHI: The State Bank of Pakistan (SBP) on Friday declared Rs. 44,415 as the benchmark amount deduction of zakat this year.
The Zakat will be deducted on first of Ramadan-ul-Mubarak on the amount in a bank account exceeding the above value, said a SBP press release.
This is in reference to the notification by the Administrator General Zakat, Ministry of Religious Affairs and Interfaith Harmony about "Nisab for Zakat" for the year 1439-40 AH.
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