Web desk: All public and private banks in Pakistan are prepared to deduct Zakat automatically from savings and similar accounts at the start of Ramadan 2026, following the federal government’s announcement of the minimum Nisab threshold.
Each year the government sets the Nisab the minimum amount of wealth that makes Zakat obligatory—based on economic indicators and other factors. Last year the Nisab was set at PKR 179,689. Accounts exceeding this balance were subject to a 2.5 percent Zakat deduction.
Bank sources confirmed that savings accounts and profit‑and‑loss sharing (PLS) accounts below the Nisab will be exempt from Zakat deductions. Other accounts not subject to Zakat under Islamic law will also remain unaffected.
According to the schedule, banks nationwide will carry out the deductions on the first day of Ramadan, expected to fall on February 19 or 20, 2026. If the month of Shaban completes 29 days, Ramadan will begin on February 19; if 30 days, it will start on February 20.
Bank officials advised account holders to review their balances before Ramadan to avoid any confusion or unexpected deductions. The Zakat deduction process will follow legal requirements and automated systems, ensuring that account holders with balances below the Nisab remain unaffected.
