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By General Knowledge MCQs No Comments

In Pakistan, banks deduct Zakat on the ________ each year.

A. 1st Rajab
B. 15 Shaban
C. 1st Ramzan
D. 2nd Zilhajj

Submitted by: Azhar

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In Pakistan, banks deduct Zakat from accounts on the first day of Ramadan each year, provided the account balance meets the annual Nisab threshold. This deduction is 2.5% of the amount exceeding the Nisab (minimum wealth) and applies to savings accounts and other similar accounts, but not to current accounts.

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The correct answer to the question: "In Pakistan, banks deduct Zakat on the ________ each year." is "1st Ramzan".

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