The government has raised the Zakat Nisab, the minimum savings threshold above which Zakat is deducted from bank accounts or donated voluntarily, to Rs503,529 for the Zakat year 1446-47 AH, reflecting ...

On the first day of Ramadan this year, banks will deduct Zakat for 1444-45 Hijri from accounts having a minimum balance of Rs135,179, according to the Ministry of Poverty Alleviation and Social ...

ISLAMABAD: The government has fixed Rs35,557 as nisâb of Zakat this year, said a notification issued by Administrator General Zakat. In Sharia (Islamic Law) nisâb is the minimum amount for a Muslim’s ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Michael Boyle is an experienced ...

With the fasting month of Ramadan in its final days, many Muslims around the world prepare to fulfil another essential pillar of their faith – giving zakat. Zakat is a compulsory form of charity in ...

This year the Zakat Nisab had been increased by Rs 34,604 because of surge in gold and silver price. The Nisab was fixed at Rs 46,329 in the previous year. Nisab is calculated in accordance with ...

With the fasting month of Ramadan under way, many Muslims around the world are preparing to fulfil another essential pillar of their faith: Giving zakat. Zakat is a compulsory form of charity in Islam ...