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Nisab of Zakat Fixed at Rs80,933 in Pakistan

Nisab is the minimum amount of money a person must have to be eligible to pay Zakat

Nisab of Zakat 2021Nisab of Zakat 2021 - OyeYeah

Nisab of Zakat 2021!

The Nisab of Zakat 2021 has been fixed at Rs80,933 in Pakistan.

The government on Sunday has announced the Nisab of Zakat as the Holy month of Ramadan approaches.

According to a notification issued by the Administrator-General Zakat for the lunar year 1441-42 Hijri, a person maintaining a minimum Rs80,933 balance amount in savings, profit and loss sharing, or similar bank accounts on the first day of Ramadan will be liable to pay 2.5% Zakat on the total balance.

zakat nisab

Zakat is the third pillar of Islam. It is an obligatory act of charity amounting to 2.5% of a Muslim’s annual savings.

While Nisaab is a fixed amount of money that a person must have, after the deduction of necessary expenses, in his/her account or possession to be eligible to pay the tax.

It should be noted that Nisab of Zakat 2020 was Rs46,329.

the authorSaman Siddiqui
Saman Siddiqui, A freelance journalist with a Master’s Degree in Mass Communication and MS in Peace and Conflict Studies. Associated with the media industry since 2006. Experience in various capacities including Program Host, Researcher, News Producer, Documentary Making, Voice Over, Content Writing Copy Editing, and Blogging, and currently associated with OyeYeah since 2018, working as an Editor.