Likewise every year this year as well
all the banks of Pakistan has decided to withhold Zakat from the bank
accounts of the people. This process will be taking place from 1st Ramadan.
As the news of Zakat deduction has been announced many people have
started retreating their money from their accounts but still many of the
account holders have to face the reduction conditions if in case they
have their amount secured in their accounts.
It has been stated that the people who
have accounted Rs.61,336 in their accounts they will have to get the
decrease of 2.5 percent from their bank financial records. In 1980
President of Pakistan Zia ul Haq put forward the basic concept of Zakat
and Ushr during his ruling period but now in 2013 people do not feel
much satisfied because they are unsure that whether their money will be
used for Zakat purposes or not.
Zakat Collected Year 2010-2011
In 2010-2011 the Government of Pakistan
collected Rs.3.915 billion in a form of Zakat that was initially used
for the services of Bait ul Mall. However, according to the rules of Islam
customs those people who have more than Rs.61.339 in their account they
are required to pay Zakat whereas it is vital for the person to pay
Zakat for maximum one year who have 52 grams of gold with him/her.
Zakat Collected Year 2011-2012
On the whole those people would also be involved in the Zakat deductions who have accounted their money in their accounts whether one day before the Ramadan or whether after the Ramadan as well.
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