ISLAMABAD: The federal government has mounted the Nisab-i-Zakat for Yr 1445-46 A.H, at Rs. 179,689 for deduction from financial savings financial institution accounts, revenue and loss sharing accounts and many others.
It is going to be the minimal quantity in financial institution accounts on which zakat will probably be deducted on the eve of first Ramazan.
This 12 months’s Zakat Nisab is Rs. 44,519 increased than the earlier 12 months’s threshold of Rs. 135,179 for Zakat deductions on financial savings and different accounts.
Nonetheless, no deduction of Zakat at supply shall be made, in case the quantity standing to the credit score of an account, is lower than Rs. 179,689/= on the primary day of Ramazan-ul-Mubarak, 1445-46 A.H.
This 12 months first day of Ramazan-ul-Mubarak, deduction date, falls on 2nd March 2025.
In line with the notification, the Zakat could be deduced from Saving Financial institution Accounts Revenue and Loss Sharing Accounts, and different related accounts.
Banks will deduct 2.5% of the whole quantity of their accounts as zakat.
In line with the Zakat and Ushr Ordinance, 1980, no deduction of Zakat at supply shall be made if the stability within the specified accounts is lesser than the Nisab quantity.