Islamabad: Ministry of Religious Affairs has announced minimum Zakat exemption rate for Bank account holders. All Pakistani account holders who have less than 51,086, they are free from Zakat deduction. This rate will be implemented for Ramzan 1433 Hijri and 2012 Georgian.
Minimum Exemption of Zakat rate in 2011 was more than current rate. It’s really weird to tell here that Zakat minimum amount was Rs. 29,385 and Rs. 61,336 in 2010 and 2011 respectively.
On other hand, a large amount of people are start withdrawing their amount from banks. People try to give Zakat to Trusts or poor people. A local citizen told AwamiWeb that he is not satisfy with current “Zakat Ka Nisab” and he will ask his Mufti for this.