Web
Analytics
The news is by your side.

Zakat

Deserving people of Fata facing problems due to non-distribution of Zakat: Senate body

ISLAMABAD: The Senate committee on religious affairs on Friday said the deserving people of all seven agencies of erstwhile the Federally Administered Tribal Areas (Fata) are facing problems because of non-distribution of Zakat since so many months. "Ministry of Religious Affairs and Interfaith Harmony should ensure distribution of Zakat share to the Fata," said Chairman Senate Standing Committee on Religious Affairs and Interfaith Harmony Abdul Ghafoor Haideri urging the government “to notify Fata Zakat Council for…

Pakistanis are expected to donate Rs173bn in charities this Ramazan

KARACHI: People of Pakistan are being generous as per their affordability when it comes to donation and charity in the holy month of Ramadan. It is expected that this year the level of charitable giving will touch the heights of about Rs 173 billion. The main reason behind such great efforts is due to obligation of Zakat in Muslims. The hike in the level of charity is of about 10% which is much more as compared to last year’s Rs 158 billion. Giving has always brought out the best in people. Throughout the decades, people…

Banks to deduct Zakat today

KARACHI: The State Bank of Pakistan will remain closed for public dealings on 1st Ramazan-ul-Mubarak 1439 A.H.(today), which being observed as ‘Bank Holiday’ for the purpose of deduction of Zakat. All banks/Development Finance Institutions (DFIs)/Mircofinance Bank (MFBs) shall, therefore, remain closed for public dealing on 1st Ramadan-ul-Mubarak 1439 A.H. However, all employees of the banks/DFIs/MFBs will attend the office on Bank Holiday treating it as normal working day (except for public dealings). Meanwhile, the…

Nisab-i-Zakat fixed at Rs39,198

KARACHI: The Nisab for Zakat has been fixed at Rs39,198 for lunar year 1438-39 A.H. a notification issued by the Ministry of Religious Affairs & Interfaith Harmony said. No deduction of Zakat at source shall be made in case the amount in the account will be lesser than the value defined above. The 2.5 per cent deduction, applied on Saving, Profit and Loss Sharing and other similar accounts, will be made on 1st of Ramazan which is likely to fall on May 17 or 18. The ministry has also notified first day of Ramazan…

Bilawal lashes out for holding back Sindh Zakat funds

KARACHI: Pakistan Peoples Party chairman Bilawal Bhutto Zardari on Thursday lashed out at federal government for holding back over 2-3 billion rupees funds of the Sindh Zakat Council since the last three months without any reason.  "This ugly act is tantamount to depriving province's 90,000 Zakat beneficiaries who are looking for what is due from the society and is collected and stashed into federal government accounts,” said Bilawal during a meeting with Sindh Zakat Council chairman Justice (retired) Zahid Qurban Alvi…

MQM questions workers' arrest by Rangers

KARACHI:  Muttahida Qaumi Movement (MQM) strongly reacted over the arrest of party’s 16 workers by Rangers and maintained that that the collection of Zakat and Fitra for a welfare organization is not a crime, ARY News reported on Thursday.