The Federal Government has officially announced the Nisab for Zakat deduction for the current year (1446-47 A.H.). The Ministry of Poverty Alleviation and Social Safety issued the notification on February 16, 2026, setting the new threshold at Rs. 503,529.
Following this, the State Bank of Pakistan (SBP) released a circular today, February 17, 2026, directing all banks to implement these instructions immediately.
According to the Administrator General Zakat, banks will not deduct Zakat if your account balance is less than Rs. 503,529. This applies to Saving Bank Accounts, Profit and Loss Sharing Accounts, and other similar accounts.
If your credit balance equals or exceeds Rs. 503,529 on the deduction date, the bank will deduct Zakat at the source.
The “Deduction Date” marks the first day of Ramazan-ul-Mubarak, 1446 A.H. The notification states this will likely fall on February 19th or 20th, 2026, subject to the moon’s appearance.
The SBP has instructed all Presidents and Chief Executives of Banks, Development Finance Institutions (DFIs), and Microfinance Banks (MFBs) to ensure strict compliance.
Banks must deposit the deducted amounts immediately into the Central Zakat Account (No. CZ-08) maintained with the SBP. They must also furnish a copy of the return in Form CZ-08 (A & B) to the Ministry right after the deposit.
