ISLAMABAD (Kashmir English): The government has fixed the Nisab for this year at Rs. 503,529 for the deduction of Zakat from bank accounts, 180% more from the previous year’s threshold of Rs. 179,689.
According to an official announcement, this threshold applies to savings, profit-and-loss sharing, and similar accounts on the first day of Ramzan, which is likely to fall around February 19 or 20, 2026.
The central moon sighting committee will meet in Peshawar under the chair of Maulana Syed Muhammad Abdul Khabeer Azad on February 18 (Wednesday) to sight the crescent marking the beginning of Ramzan, while zonal committees will convene simultaneously in the federal and provincial capitals.
The meetings of zonal moon sighting committees will also be held in Islamabad, Lahore, Karachi and Quetta.
Key details for Zakat Nisab 2026
Accounts with a balance of Rs. 503,529 or higher on the first day of Ramzan will have Zakat deducted at a rate of 2.5%. If balance is below this amount, no automatic deduction will occur.
This year’s Nisab of Rs 503,529 marks a significant increase (180%) from the previous year’s threshold of Rs. 179,689, largely driven by a rise in prices of gold and silver.
The individuals with a sworn affidavit of exemption (Zakat Declaration Form) are exempt from this automatic bank deduction.
As per the notification issued by the Ministry of Poverty Alleviation and Social Safety, there will be no deduction of Zakat at source where the amount standing to the credit of an account is less than Rs. 503,529.
The deducted amount shall be deposited immediately in the Central Zakat Account No ZZ-08 maintained with the State Bank of Pakistan,” according to the notification.
