ISLAMABAD: The Ministry of Poverty Alleviation and Social Protection announced on Tuesday that the Zakat threshold for 2026 has been fixed at Rs503,529. This nisab the minimum amount of savings on which Zakat is payable determines which accounts will be subject to deductions during the holy month of Ramadan.

Accounts with balances below Rs503,529 on the first day of Ramadan will not be liable for Zakat the ministry clarified in a statement. Zakat will be automatically deducted from eligible savings and profit and loss sharing accounts on the opening day of Ramadan.

All funds collected through Zakat will be transferred to the Central Zakat Account, maintained by the State Bank of Pakistan.The SBP also announced that all banks and financial institutions will remain closed for public transactions on that day following the annual Zakat collection practice.

The government highlighted that the annual Zakat collection plays a crucial role in funding social welfare programs across Pakistan helping support underprivileged communities and providing essential assistance to those in need. Authorities urged account holders to ensure accurate balances for proper deductions.