Islamabad: In a continuing effort to facilitate the collection and distribution of Zakat in accordance with Islamic principles, the Government of Pakistan has announced Nisab-i-Zakat for the Zakat year 1444-45 A.H. The Ministry of Poverty Alleviation and Social Security has notified a new Nisab in Rs. 135,179.
According to the notification, Zakat will be deducted from savings bank accounts, profit and loss sharing accounts and other similar accounts. According to the Zakat and Ushr Ordinance 1980, no Zakat deduction at source is made if the balance in the specified accounts is less than Rs.135,179 on the first day of Ramadan-ul-Mubarak, 1445 A.H.
The “deduction date” for Zakat is likely to fall on March 12 or 13, 2024, depending on the sighting of the Moon. On this day, zakat will be deducted from accounts with a credit balance equal to or greater than Rs 135,179.
