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Tag: Zakat

Nisab of Zakat 2026 Fixed at Rs503,529 for Bank Deductions

February 17, 2026February 17, 2026Faisal Shahnawaz

Karachi, February 17, 2026 — The Government of Pakistan has officially fixed the Nisab of Zakat for 2026 at Rs503,529, setting the minimum threshold for compulsory Zakat deduction by commercial banks.

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SBP report on banking sector

Update on Nisab of Zakat 2026

February 17, 2026February 17, 2026Faisal Shahnawaz

Islamabad, February 17, 2026 — The Ministry of Poverty Alleviation and Social Safety on Tuesday issued an official statement regarding the determination and announcement of the Nisab of Zakat for the year 2026.

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Ramazan

All you need to know about Zakat deduction in Pakistan for 2026

February 13, 2026February 13, 2026Mrs. Anjum Shahnawaz

Karachi, February 13, 2026 – Banks across Pakistan will remain closed next week for the annual deduction of Zakat on the first day of Ramadan, subject to the sighting of the moon, in line with the country’s Zakat and Ushr Ordinance, 1980.

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stock exchange activity

Balochistan launches digital system for Zakat distribution

October 2, 2025October 2, 2025Mrs. Anjum Shahnawaz

Quetta, October 2, 2025 – In a landmark decision to improve welfare governance, Balochistan Chief Minister Mir Sarfraz Bugti announced the introduction of a fully digital mechanism for the province’s Zakat and Auqaf Department.

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coins and money

Types of Bank Accounts Notified for Zakat Deduction in 2025

March 1, 2025March 1, 2025Faisal Shahnawaz

The State Bank of Pakistan (SBP) has notified the types of bank accounts from which Zakat will be deducted for the year 2025. This directive ensures compliance with the national regulations governing Zakat collection and distribution.

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SBP Notifies Banks About Annual Zakat Deduction

February 27, 2025February 27, 2025Mrs. Anjum Shahnawaz

Karachi, February 27, 2025 – The State Bank of Pakistan (SBP) on Thursday issued comprehensive instructions to all banks regarding the deduction of Zakat for the year 2025. The directive is aimed at ensuring the smooth implementation of Zakat deduction as per Islamic financial principles.

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Pakistan Sets Nisab of Zakat at Rs 179,689 for Year 2025

February 26, 2025February 26, 2025Mrs. Anjum Shahnawaz

Islamabad, February 26, 2025 – Pakistan has officially announced the Nisab of Zakat for the Zakat Year 1445-46 AH, setting it at Rs 179,689. The deduction of Zakat will take place on the first day of Ramadan, as per the notification issued by the Ministry of Poverty Alleviation and Social Safety.

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state bank of pakistan 03

SBP Declares Bank Holiday on 1st Ramadan for Zakat Deduction

March 8, 2024March 8, 2024Faisal Shahnawaz

Karachi, March 8, 2024 – The State Bank of Pakistan (SBP) announced on Friday that it will observe a bank holiday on the 1st day of Ramadan-ul-Mubarak, 1445 A.H., for the purpose of the annual Zakat deduction.

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Ramazan

Pakistan Announces Nisab of Zakat for Ramadan 2024

March 7, 2024March 7, 2024Mrs. Anjum Shahnawaz

Karachi, March 7, 2024 – In preparation for the upcoming holy month of Ramadan 2024, Pakistan has officially notified the Nisab of Zakat, outlining the criteria for the deduction of Zakat from bank accounts on the first day of the sacred month.

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state bank of pakistan 03

Nisab of Zakat notified for deduction from bank accounts

March 17, 2023March 17, 2023Faisal Shahnawaz

Pakistan on Friday issued Nisab of Zakat for deduction at source in respect of deposits in bank accounts.

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