Islamabad, Pakistan – The government of Pakistan has announced that the minimum threshold for mandatory Zakat deduction from bank accounts, known as Nisab, has been fixed at Rs. 135,179 for the year 1444-45 A.H. (Islamic Hijri Calendar).
According to a notification issued by the Ministry of Poverty Alleviation and Social Safety, the State Bank of Pakistan (SBP) and Zakat Collection Controlling Agencies have been informed about this decision.
Under the new directive, individuals with savings, profit and loss sharing accounts, or similar accounts holding a total balance of Rs. 135,179 or more on the first day of Ramadan will be subject to Zakat deduction. The deduction is expected to take place around March 12 or 13, contingent upon the sighting of the new moon.
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The notification further clarifies that if an account holder’s balance falls below the Rs. 135,179 threshold on the first day of Ramadan, no Zakat will be deducted from their account.
Once the deductions are made, the Zakat Collection Controlling Agencies will deposit the collected Zakat into the Central Zakat Account maintained by the SBP and provide a return form to the ministry.
In comparison, the Nisab for Zakat deduction was set at Rs. 103,159 for the year 1443-44 A.H. and Rs. 88,927 for the preceding year, reflecting an annual adjustment based on the prescribed criteria.
The Zakat system in Pakistan is a mandatory religious obligation requiring Muslims to contribute a portion of their wealth for the benefit of the underprivileged members of society, in line with Islamic principles of social welfare and financial solidarity.
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