Zakat Archives - Page 2 of 2

KTBA organizes seminar on Zakat calculation

March 17, 2023March 17, 2023Hamza Shahnawaz

Karachi Tax Bar Association (KTBA) is organizing a seminar on Zakat calculation on Friday, March 17, 2023.

Nisab of Zakat fixed at Rs88,927

March 30, 2022March 30, 2022Faisal Shahnawaz

KARACHI: The federal government on Wednesday announced an amount of Rs88,927 as deduction of Zakat from bank accounts and deposits on the first day of the holy month of Ramzan. According to a notification issued by the Cabinet Secretariat the administrator General Zakat had notified the ‘Nisab of Zakat’ for the Zakat Year 1442-43 AH […]

Nisab of Zakat fixed at Rs80,933

April 11, 2021March 30, 2022Mrs. Anjum Shahnawaz

ISLAMABAD: The administrator general Zakat on Saturday issued the ‘Nisab of Zakat’ for the Zakat Year 1441-42 A.H at Rs.80,933.00/- (Rupees: eighty thousand nine hundred thirty-three only). No deduction of Zakat at source shall be mentioned in column 2 of Serial No.1 of the first schedule of Zakat and Ushr Ordinance, 1980 is less than […]

Banks to remain closed for Zakat deduction

April 27, 2020April 27, 2020Mrs. Anjum Shahnawaz

KARACHI: Banks to remain closed for public dealing on Monday due to deduction of Zakat. The State Bank of Pakistan (SBP) in a statement said that it will remain closed for public dealing on Monday, April 27, 2020, which shall be observed as “Bank Holiday” for the purpose of deduction of Zakat. All banks / […]

Zakat on amount Rs46,329 and above to be deducted from bank accounts

April 20, 2020April 20, 2020Mrs. Anjum Shahnawaz

KARACHI: State Bank of Pakistan (SBP) on Monday issued instructions to banks related to deduction of Zakat on amount above Rs46,329 maintained in saving bank accounts. The SBP said that Administrator General Zakat had notified the ‘Nisab of Zakat’ for the Zakat Year 1440-41 AH at Rs46,329. No deduction of Zakat at source shall be […]

Nisab of Zakat fixed at Rs44,415 for deduction from bank accounts

May 3, 2019May 8, 2025Faisal Shahnawaz

KARACHI – The government of Pakistan has officially announced the Nisab of Zakat for the Zakat Year 1439-40 AH, setting the threshold at Rs44,415, according to a statement released by the State Bank of Pakistan (SBP) on Friday.

Tag: Zakat