Zakat nisab set at Rs41,872

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KARACHI: The State Bank of Pakistan (SBP) has fixed the nisab for Zakat deduction on bank accounts at Rs41, 872 for the current Islamic year, a central bank spokesman said on Monday.

Zakat will be deducted from accounts having a balance of Rs41,872 or above, on the first of Ramazan, the spokesman added. According to the country’s law, 2.5 percent Zakat will be deducted from savings accounts but current accounts are exempted from this.

Courtesy:  The News

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