Govt sets Rs51,086 as minimum threshold for Zakat
ISLAMABAD: The Ministry of Religious Affairs has set Rs 51,086 as minimum threshold for deduction of Zakat by commercial banks on depositors' accounts.The State Bank of Pakistan has issued...
July 18, 2012
The State Bank of Pakistan (SBP) has issued necessary directives to the commercial banks to make the deduction of Zakat on accounts' deposits, crossing the minimum threshold of Rs 51,086 on Monday (July 23).
Zakat will not be deducted from bank deposits of less than Rs 51,086.
