No zakat deductions to be made on assets less than Rs44,415: Ministry

MG News | May 03, 2019 at 12:12 PM GMT+05:00

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May 3, 2019 (MLN): The Ministry of Religious Affairs on Friday released a statement which says that for the Zakat year 1439-40 AH, ending on the last day of the Sha’aban-ul-Muazam, 1440 AH, 5^th or 6^th May, 2019 (subject to the appearance of moon), no deduction of Zakat at source shall be made, in case the amount standing to the credit of an account in respect of the assets mentioned in First Schedule to Zakat and Ushr Ordinance is less than Rs. 44,415 on the first day of Ramadan.

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Name	Price/Vol	%Chg/NChg
KSE100	153,866.17 113.04M	-0.36% -555.27
ALLSHR	92,322.41 289.91M	-0.18% -165.37
KSE30	47,054.02 67.50M	-0.57% -268.71
KMI30	220,139.18 52.42M	-0.81% -1787.82
KMIALLSHR	59,630.44 114.87M	-0.43% -258.98
BKTi	44,089.65 23.49M	-0.09% -38.05
OGTi	31,668.31 6.28M	-0.15% -47.11

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Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	71,790.00	74,210.00 70,200.00	1145.00 1.62%
BRENT CRUDE	101.44	102.75 97.60	0.98 0.98%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-10.80 -9.80%
ROTTERDAM COAL MONTHLY	123.80	123.80 123.80	0.00 0.00%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	96.34	98.09 92.04	0.61 0.64%
SUGAR #11 WORLD	14.33	14.53 14.31	-0.05 -0.35%