By Muhammad Luqman
Pakistan’s Ministry of Religious Affairs has fixed the minimum level of amount liable for Zakat deduction at Rs 39, 198 for the holders of bank accounts.
“ No deduction of Zakat at source shall be made in case the amount standing to the credit of any account is less than Rs 39198,” according to a notification of the ministry.
Zakat will be deducted on the first day of Ramazan, 1439 A.H. by the banks from Saving Bank Accounts, Profit and Loss Sharing and other similar accounts.
