Tag: zakat

Zakat: The Islamic obligatory charity

LAHORE: Every year, especially during the month of Ramzan, Muslims in large numbers all over the world pay an obligatory charity called Zakat, the root...

Nisab for Zakat deduction on bank accounts fixed at Rs39,198

KARACHI: The State Bank of Pakistan (SBP) has fixed the Nisab for Zakat deduction on bank accounts at Rs39,198 for the ongoing year. According to a...

Govt fixes Rs 35,557 as Nisab

  According to State Bank of Pakistan, Zakat will be deducted by banks from Saving Accounts, Profit and Loss Sharing Accounts and Similar Accounts having...

Zakat council approves scholarship for deserving students

Provincial Zakat Council has approved the release of Rs 40,000,000 scholarship for 7605 deserving students of colleges, universities and seminaries. This was decided in the...