Deduction of Zakat at Source for Saving Banks and Profit & Loss Sharing Accounts

BPRD Circular Letter No. 03 — February 17, 2026

The Presidents / Chief Executives

All Banks / DFIs / MFBs

Dear Sir/Madam,

DEDUCTION 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

Please find enclosed a copy of Notification No.CE-1001(36)/NISAB/1446-47/2026-48 dated February 16, 2026, issued by the Ministry of Poverty Alleviation & Social Safety, Government of Pakistan, Islamabad, for necessary action and compliance regarding the subject.

Enclosed:

• As Above

Yours sincerely,

MUHAMMAD ASAD AKBAR
Joint Director

GOVERNMENT OF PAKISTAN
MINISTRY OF POVERTY ALLEVIATION AND SOCIAL SAFETY ,+,t,! rl,l rl No.CE-1001 (36)/NISAB/144M7/2026-4g Islamabadthel6ft February,2026 The Director, (Banking Policy and Regulations Department) State Bank of Pakistan, Head Office, I.I. Chundrigar Road, Karachi. Subject: DEDUCTION OF ZAK AT SOURCE IN RESPECT OF SAVING BANK, PROFIT AND LOSS S NG AND SIMILAR BANK ACCOUNTS (ASSET CODE NO. 101 ) AND DEPOSIT THEREOF IMMEDIATELY AFTER DEDUCTION DATE I am directed to convey that the Administrator General Zakat has notilied the "Nisab of Zakat" for the Zakat Year 1446-L447 A.H. at Rs. 503,529 (Rupees Five Hundred Three Thousand Five Hundred Twenty-Nine only).
2. In terms of the provisions of the Zakat and Ushr Ordinance, 1980 no
deduction of Zakat at source shall be effected where the amount standing to the credit of an account, in respect of the assets mentioned in Column 2 of Serial No. 1 of the First
Schedule of the said Ordinance is less than Rs.503,529 (Rupees Five Hundred Three
Thousand Five Hundred Twenty-Nine only) as on the first day of Ramazan-ul-Mubarak,
1.447 A.H.
3. The fust day of Ramazan-u1-Mubarak, 1,447 A.H. has been notified as the
"Deduction Date" which is likely to fall on 19th or 20th February, 2026 (subject to appearance of the moon) for deduction of Zakat from Saving Banl Accounts, Profit and Loss Sharing Accounts and other similar accounts having a credit balance of Rs.503,529/- or above.
4. All Zakat Collecting and Controlling Agencies (ZCCAs) are requested to
ensure strict compliance with the above instructions and deduct Zakat accordingly. The deducted amount shall be deposited immediately in the Central Zakat Account No. CZ-08 maintained with the State Bank of Pakistan.
5. A copy of the retum in Form CZ-08 (A & B) may kindly be fumished to this
Ministry immediately after deposit of the Zakat amount
6. This issues with the approval of the Administrator General Zakat/
Secretary, Ministry of Poverty Alleviation and Social Safety, Islamabad. (Dr. Muhammad Ali) Research Officer (Zakat) 051.-9210026