Regulatory Alerts2025-02-27 | BPRD Circular Letter No. 04Deduction of Zakat at Source in Respect of Saving Banks / 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 of Zakat for the 1445-46 A.H. year at Rs. 179,689, below which no Zakat deduction occurs for applicable bank accounts. Zakat collection agencies must execute deductions on the designated deduction date, expected to be March 1st or 2nd, 2025, pending moon sighting. Agencies are required to submit Form CZ-08 (A&B) to the Ministry immediately following the deposit of funds into the Central Zakat Account held with the State Bank of Pakistan.
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