The Govt of Pakistan has fixed Zakat Nisab 2026 at Rs 503,529. Learn when banks will deduct 2.5% Zakat from savings accounts in Ramazan 1447 A.H. and how to calculate it.
This amount applies to savings bank accounts, profit and loss sharing accounts, and similar deposits.
If your bank balance equals or exceeds Rs 503,529 on the first day of Ramazan, your bank will deduct Zakat at source under the Zakat and Ushr Ordinance, 1980. If your balance remains below this threshold, the bank will not be going to deduct any amount.
When Will Zakat Be Deducted?
Authorities expect the “deduction date” to fall on 19th or 20th February 2026, depending on the sighting of the moon. On that day, banks are going to review account balances and deduct Zakat accordingly.
The Ministry of Poverty Alleviation and Social Security issued a notification few days ago, and informed the State Bank of Pakistan (SBP) along with all Zakat Collection & Controlling Agencies.
After deduction, banks must deposit the collected amount into Central Zakat Account No. CZ-08 maintained by the SBP and submit Form CZ-08 (A & B) to the ministry.
What is the Zakat percentage on wealth?
2.5% zakat percentage is imposed on wealth, like if you have 100 percent wealth then you have to pay 2.5% Zakat on that wealth, which is called as Zakat percentage.
Read more: https://www.pediastan.com/articles/ramadan-countries-longest-shortest-fasting-hours/
Use Zakat calculator:
You can use Zakat calculator or the below mentioned table to check how much zakat you should pay.
| Total Savings in PKR | Zakat Amount (2.5%) | Status (2026 Nisab) |
| 400,000 | Rs. 0 | Below Nisab |
| 503,529 | Rs. 12,588 | Threshold Met |
| 600,000 | Rs. 15,000 | Deduction is applied |
| 1,000,000 | Rs. 25,000 | Deduction is applied |
Zakat Nisab 2026 Significant Increase from Previous Years
This year’s Nisab is showing a sharp increase compared to earlier years. In 2025, the government fixed the Nisab at Rs 179,689. The year before that, it stood at Rs 135,179. The rise mainly reflects the increase in gold prices, as Islamic law links Nisab to the value of approximately 87.48 grams of gold.
Why Zakat Is Necessary in Islam
Zakat does not simply a financial obligation; it is ordained by the Allah to purify wealth and strengthens society.
Allah commands in the Holy Quran:
“Establish prayer and give Zakat.”
(Surah Al-Baqarah 2:43)
In another verse, Allah says:
“Take from their wealth a charity by which you purify them and cause them increase.”
(Surah At-Tawbah 9:103)
These verses clearly show that Zakat cleanses wealth and brings blessings.
The Prophet Muhammad (peace be upon him) emphasized its importance when he said:
“Islam is built upon five pillars… and the Zakat is one of those pillars.”
(Sahih Bukhari & Sahih Muslim)
Through Zakat, Islam actually helps in promoting social justice to reduce inequality. It reduces poverty, supports widows and orphans, and make certain that wealth circulates instead of concentrating in a few hands.
As Ramazan begins, Muslims should not see Zakat as a deduction, but as an opportunity — an opportunity that can help them to purify their earnings, fulfill a divine command, and help those in dire need.