SBP Announces Zakat Nisab for 2026; Threshold Fixed at Rs 503,529. -

The State Bank of Pakistan (SBP) has officially set the Nisab for Zakat at Rs 503,529 for the year 1446-47 AH. This follows a formal notification from the Ministry of National Health Services, Regulations and Coordination, fixing the threshold for the mandatory deduction of Zakat from bank accounts.

Important Details of the SBP Directive

The Threshold: Zakat will be deducted only from accounts (Savings and Profit & Loss Sharing) that maintain a balance equal to or exceeding Rs 503,529 on the “valuation date”.
Deduction Timing: The deduction is scheduled for the first day of Ramadan-ul-Mubarak 1447 AH, which is expected to occur on February 19 or 20, 2026, depending on the moon sighting.
Applicable Accounts: This directive applies to all Commercial Banks, Development Finance Institutions (DFIs), and Microfinance Banks for qualifying accounts categorized under Asset Code 101.
Mandatory Compliance: Financial institutions are required to deposit the collected funds immediately into the designated Central Zakat Fund Account No. CZ-08 at the SBP.
Official Circular: The announcement was formalized through BPRD Circular Letter No. 03 of 2026, dated February 17, 2026.