HomePAKISTANMinistry declared Zakat Nisab for Bank accounts 2022

Ministry declared Zakat Nisab for Bank accounts 2022

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According to a statement issued Wednesday by the Ministry of Poverty Reduction and Social Affairs, no zakat will be deducted if a bank account is less than Rs 88,927. added, the statement.

Zakat will be deducted from savings accounts, profit and loss accounts and other similar accounts with a balance of Rs 88,927. or more, which would be the first in Ramazan Zakat and the Ushr Ordinance of 1980.

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The first Ramazan of this year will likely fall on April 3 or 4, depending on the appearance of the moon. To be responsible for zakat - one of the five pillars of Islam - one's wealth must be above a threshold called "nisab."

Those who do not want Zakat to be debited from their account can file a “Zakat Waiver Form” with their respective bank.

Zakat nisab

State Bank of Pakistan announced holiday on 4th of April for public dealing in banks to deduct the zakat from the applicable account's.

Adnan
Adnanhttps://lifeinpakistan.net/%20
Adnan is a passionate writer and analyst with a keen focus on current affairs, technology, and business developments in Pakistan. With a sharp eye for detail and a deep understanding of socio-economic trends, he provides insightful commentary on the issues shaping Pakistan's future.His work spans breaking news, in-depth tech reviews, and business analyses, offering readers a well-rounded perspective on Pakistan's evolving landscape. Whether covering startup ecosystems, government policies, or digital transformations, Adnan strives to deliver accurate, engaging, and thought-provoking content.Follow his writings to stay informed on the latest developments in Pakistan’s tech industry, economic shifts, and pressing national issues

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