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The government has fixed Nisab for Zakat for the year 1444-45 A.H at Rs135,179 for deduction from savings bank accounts, profit and loss sharing accounts and other similar accounts.

The “deduction date” is likely to fall on March 12 or 13 (subject to appearance of the moon) for deduction of Zakat.

In this regard, the Ministry of Poverty Alleviation and Social Security has issued a notification dated March 06, 2024 to the State Bank of Pakistan (SBP) and Zakat Collection Controlling Agencies.

According to the notification, the Administrator General Zakat has notified the “Nisab of Zakat” for the Zakat year 1444-45 A.H at Rs135,179.

“No deduction of Zakat at source shall be made, in case the amount standing to the credit of an account in respect of the assets mentioned in column 2 of Serial No.1 of the first schedule of Zakat and Ushr Ordinance 1980, is less than Rs135,179 on the first day of Ramazan-ul-Mubarak, 1445 AH.

“First Day of Ramazan-ul-Mubarak has already been notified as the ‘Deduction date’ (subject to appearance of the moon) for deduction of Zakat from Saving Bank Accounts, Profit and Loss Sharing Accounts and other similar accounts having a credit balance of Rs135,179.”

As per the notification, all the Zakat Collection Controlling Agencies (ZCCAs) would deduct the Zakat accordingly. “A copy of the return of Form CZ.-08(A&B) may please be provided to this Ministry immediately after depositing Zakat in Central Zakat Account No.CZ-08 being maintained with the SBP,” it added.

In 2023, the government fixed “Nisab of Zakat” for the Zakat year 1443-44 A.H at Rs103,159. In the previous year, the Poverty Alleviation and Social Safety Division set the ‘Nisab for Zakat’ at Rs88,927.

Comments

200 characters
Truthisbitter813 Mar 08, 2024 08:47am
Dictator laws contrary to Shariah Principles are still being utilized to milk the middle class.
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SAJIDA Mar 08, 2024 06:29pm
I read adp but no pover I m poor
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Fakhar abaas Mar 09, 2024 12:10am
Help me
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HASSAN raza Mar 09, 2024 03:26am
Aslam Alaikum Sir, the thing is that some years ago I left school due to compulsion, now I want to say that you guys should cooperate with me to start education from me, thank you.
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Jahangir Malik Mar 09, 2024 04:02am
Pay the Zakat by hand, Don't let your Zakat be wasted on those, who either will make a palace abroad or the ones like to have golf clubs & big housing societies & what not.
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Majid shah Mar 09, 2024 07:25pm
From the right hand the collect zakat as per shariah, appreciable but exactly same time they are engaged in to endorse interest at all level... hypocritical step landed
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Kaahif Ali Mar 09, 2024 08:53pm
Kashif Ali is going to bed
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Kiran kausar Mar 09, 2024 11:22pm
Jo survey krwaya her kisi ko ni milta
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Umair nazir Mar 10, 2024 01:48am
Hello
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Abdul raziq Mar 10, 2024 01:58am
Zakat
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Khawar Hassan Mar 12, 2024 01:28pm
I am having current account, will they deduct Zakat from my account!
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SECP Mar 12, 2024 01:30pm
@Khawar Hassan , no
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SHAHZAD HUSSAIN Mar 13, 2024 06:51am
No
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SHAHZAD HUSSAIN Mar 13, 2024 06:52am
@Khawar Hassan , no
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Umar Mar 30, 2024 09:55pm
Kindly tell me the last date of zakat deduction.. in Ramzan .
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