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Government Announcement of Nisab-i-Zakat for Zakat Year 1444–1445 A.H
Nisab of Zakat for 2024
The government has announced the Nisab of Zakat for 2024. This amount is crucial for Muslims in fulfilling their religious obligation. Nisab of Zakat for 2024 relies on various factors, including asset values. It ensures fair wealth distribution and aids the less fortunate. Adhering to Nisab-i-Zakat promotes social justice and alleviates poverty. The announcement precedes the start of Ramadan, a sacred month for Muslims
The Ministry of Poverty Alleviation and Social Safety (PASS) informed the new Nisab with a payment of Rs. 135,179.
#zakat
The notification declared that Zakat would be deducted from profit and loss sharing accounts, savings bank accounts, and other similar accounts.
Banks will withhold 2.5% of the total account balance as zakat. According to the Zakat and Ushr Ordinance, 1980, if the balance is less than Rs 135,179, no zakat deduction will be made at the source.
The announcement declares that zakat will be deducted from bank savings accounts, profit-and-loss-sharing accounts, and other such accounts on the first day of Ramadan, also known as the “deduction date.”
This year, experts predict that the first day of Ramadan will fall on March 12, depending on the appearance of the moon.
It ensures fair wealth distribution and aids the less fortunate. Adhering to Nisab-i-Zakat promotes social justice and alleviates poverty. The announcement precedes the start of Ramadan, a sacred month for Muslims.
The announcement also declares that zakat will be deducted from bank savings accounts and as discussed earlier profit-and-loss-sharing accounts, and other such accounts on the first day of Ramadan, also known as the “deduction date.”
The government also intends to announce the Nisab of Zakat for 2024. This amount is crucial for Muslims in fulfilling their religious obligation.
In this, they also intend to help the needy and deserving who need zakat. Earlier, we saw how many people used to not pay their respective zakat. But with this policy, we see how zakat will be deducted from our accounts and will be paid immediately.
The announcement also declares that zakat will be deducted from bank savings accounts and as discussed earlier profit-and-loss-sharing accounts, and other such accounts on the first day of Ramadan, also known as the “deduction date.”
The government has furthermore announced the Nisab of Zakat for 2024. This amount is crucial for Muslims in fulfilling their religious obligation. Nisab of Zakat for 2024 relies on various factors, including asset values. It ensures fair wealth distribution and aids the less fortunate. Adhering to Nisab-i-Zakat promotes social justice and alleviates poverty. The announcement precedes the start of Ramadan, a sacred month for Muslims.
In this the government has also announced the Nisab of Zakat for 2024. This amount is crucial and will be cut way from muslims in fulfilling their religious obligation. Nisab of Zakat for 2024 relies on various factors, including asset values. It ensures fair wealth distribution and aids the less fortunate. Adhering to Nisab-i-Zakat promotes social justice and alleviates poverty. The announcement precedes the start of Ramadan, a sacred month for Muslims
The announcement has also declared earlier that zakat will be deducted from bank savings accounts and as discussed earlier profit-and-loss-sharing accounts, and other such accounts on the first day of Ramadan, also known as the “deduction date”.
In this, they also intend to help the needy and deserving who need zakat. Earlier, we saw how many people used to not pay their respective zakat. But with this policy, we see how zakat will be deducted from our accounts and will be paid immediately.
Read more: Ramadan KI Amad: A Guide to Ramadan
