Regulatory Alerts2026-02-17 | BPRD Circular Letter No. 03Deduction of Zakat at Source in Respect of Saving Bank, Profit & Loss Sharing and Similar Bank Accounts (Asset Code No. 101) and Deposit Thereof Immediately After Deduction Date
The Administrator General Zakat has established the Nisab for the Zakat Year 1446-1447 A.H. at Rs. 503,529. Zakat must be deducted from applicable bank accounts containing at least this amount as of the first day of Ramazan-ul-Mubarak, 1447 A.H., which is expected to be February 19th or 20th, 2026. All Zakat Collecting and Controlling Agencies are required to perform these deductions, deposit the funds immediately into Central Zakat Account No. CZ-08, and submit the corresponding Form CZ-08 returns to the Ministry.
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