Nisab for Zakat set at Rs80,933

ISLAMABAD:The government has set the ‘Nisab for Zakat’ at Rs 80,933 for the year 1441-42 AH, a statement from the Poverty Alleviation and Social Safety Division said Sunday.

A notification issued by the Poverty Alleviation and Social Safety Division, quoting Administrator General Zakat for lunar year 1441-42 AH, said the Nisab had been fixed at Rs80,933 for the year 1441-42 AH.

“No deduction of Zakat at source shall be mentioned in column 2 of Serial No. 1 of the first schedule of Zakat and Usher Ordinance, 1980 is less than Rs80,933, on the first day of Ramazan-ul-Mubarak, 1442 AH as the “deduction date” likely to fall on 14th or 15th April 2021 (subject to appearance of moon) for deduction of Zakat from Saving Bank Accounts, Profit and Loss Sharing Accounts and other similar Account having credit balance of Rs. 80,933/-” read the statement.