:: Zakat and Ushr Department, AJK Government Muzaffarabad, Azad Kashmir.

	Nisab is notified by the Chief Administrator Zakat and Ushr, according to the notified Nisab banks remain closed and deduct Zakat from Saving Bank Accounts.
	‘Nisab’, means 612.32 grams of silver or cash or gold, or goods for any trade or any assets liable to Zakat under Shariah (Equal to the value of Nisab) or only of Gold, 87.48 grams of Gold;
	The Deduction Date for serial number I shall be deemed to be a public holiday, for banks only, within the meaning of the Negotiable Instruments Act, 1881 (XXVI of 1881) Banks shall, however, remain open for their employees.
	Note:- See Schedule 1 and Schedule 2 of Zakat and Ushr Act, 1985.

	Budget session usually held in the last week of June each year.
	Zakat Council approves the Zakat Fund Budget during its budget session