Chairman Centre of Advisory Services for Islamic Banking and Finance (CAIF), Former Head of FSCD SBP, Former Head of Research Arif Habib Investments and Member IFSB Task Force for Development of Islamic Money Market, Former Member of Access to Justice Fund Supreme Court of Pakistan. Zakat, one of the five pillars of Islam, means giving…
Karachi, April 07, 2020: Easypaisa, Pakistan’s leading provider of digital financial services has partnered with Zakat and Ushr Department of the Government of Punjab to digitally disburse funds to those who are being affected by the lockdown amid the COVID-19 pandemic. The collaboration is aimed to disburse Zakat funds of PKR 1.5 billion to more…
Islamabad May 4, 2019: Administrator General Zakat, Ministry of Religious Affairs & Interfaith Harmony, announced the “Nisab for Zakat” for the Islamic year 1439-40 AH as Rs. 44,415 (Rupees forty-four thousand four hundred fifteen only). The Nisab was fixed at Rs39,198 in the previous year. No deduction of Zakat at source shall be made in…