Wednesday , November 20 2019

Zakat Nisab 2019 in Pakistan

Zakat Nisab 2019 in Pakistan

Zakat Nisab 2019 in Pakistan is Rs 44,415 as shown by SBP or State Bank of Pakistan. Though, Zakat deduction will be complete from saving accounts, profit and loss sharing accounts and other related accounts on 1st Ramadan. On the other side, no Zakat would be deducted on amounts less than Rs 44,415.

To be liable for Zakat – which is one of the five pillars of Islam – one’s wealth must amount to more than a threshold figure, which is called ‘Nisab’. Those who do not want Zakat deduction from their accounts had until 15th of Sha’aban to submit a ‘Zakat exemption’ form in their respective banks.The Nisab for Zakat is calculated to be equal to 52 tola price of silver (or 606.32 grams). The together amount of zakat is distributed between needy people, including hospitals patients.

Nisab for Zakat for the Zakat year 1440 AH

Ministry of Religious Affairs and Interfaith Harmony, Nisab for Zakat for the Zakat year 1440 AH is Rs44,415 (Rupees forty four thousand four hundred fifteen only),” according to SBP notification.

Ministry of Religious Affairs and Interfaith Harmony Notification about Nisab for Zakat

Nisab for Zakat for the Zakat year 1440