ZAKAT DECLARATION FORM
(CZ-50) Form
UNDER THE PROVISION OF SUB-SECTION(3) OF SECTION: 1 OF ZAKAT & USHR ORDN 1980(XVIII OF 1980) & RULE:20 OF THE ZAKAT (COLLECTION & REFUND) RULE 1981: SWORN ON OATH BEFORE: AND IN ACCORDANCE WITH THE DECISION DATED 9TH MARCH 1999 OF SUPREME COURT OF PAKISTAN.
I ______________________________ /o ____________________________, Age Years, CNIC # _________________________________ Residing ____________________ ________ ______________________________________ do here by solemnly swear by Allah that:
- I / We are Muslim and follower of FIQAH “ __________________”.
- According to Supreme Court Of Pakistan in a recent judgment on 9th march 1999.he held that deduction on account of zakat shall not be made from payment against divided to member of all FIQAH on filing declaration as required under the Zakat Ordinance.
- According to above judgment Zakat shall not be deducted from the following types of assets to any extent, my / our faith and above said FIQAH I am / we are as obliged to pay Zakat on the following types of assets to any extent.
- GOLD & SILVER
Ornaments or silver which is not in the form of coins.
- PAPER CURRENCY
- LIFE INSURANCE POLICIES
- BANK ACCOUNTS.
All types of Bank accounts including Saving Bank accounts, Current deposit accounts, Notice Deposit accounts, Fixed Deposit accounts and similar accounts by whatever name described with the banks, Post Offices, National Savings centers and Financial Institutions provident fund, Gratuity etc.
- SECURITIES
All types including Shares, Debentures, N.I.T. Units, I.C.P Mutual Funds, Defense Saving, Special Saving, National Deposit Certificates/accounts, Khas Deposit Certificate/Accounts, Premium Saving Certificates and, thereof Prize Bonds, Government Securities and Term Deposit Certificates etc.
- FUNDS
Provident Fund, Gratuity, G.P Fund, Annuity, etc. LOANS given to other and ALL OTHER INVESTMENTS and pension etc.
Place: Karachi __________________________
Date:__________________ DEPONENT
CNIC No: _________________
WITNESSES
- I, ___________________ S/o _______________________ CNIC ________________
- I, ___________________ S/o _______________________ CNIC ________________
Solemnly declare and affirm that we know the above Deponent and Identity him/her as the same persons as described above.
- __________________________ 2. __________________________
Signature Signature
The above declaration has been solemnly affirmed on Oath before me on this _____________________by above deponent in presence of the above witnesses and identified the above deponent.
Download PDF File: Zakat Declaration Form CZ-50
Key Takeaways
Primary Purpose:
- The Zakat Declaration Form (CZ-50) is a legal affidavit used to claim exemption from the automatic, compulsory Zakat deduction from banks and financial institutions in Pakistan.
- Legal Basis:
- This exemption is provided under the Zakat & Ushr Ordinance, 1980, and its rules, and was affirmed by a Supreme Court of Pakistan judgment on March 9, 1999.
- Who Should File:
- This form is primarily for those who are not liable for the compulsory deduction according to their Fiqh (e.g., Fiqh-e-Jafaria) or for those who wish to calculate and distribute their Zakat manually.
- Mandatory Submission Time:
- To prevent automatic deduction for the year, the attested form must be submitted to your bank or financial institution before the 1st of Ramadan.
- Legal Requirements:
- The CZ-50 form is only valid if it is printed on the required value of stamp paper and is attested by an Oath Commissioner or Notary Public.
- Consequence of Not Filing:
- If you do not submit a CZ-50, banks are legally required to deduct 2.5% of the balance from your profit-bearing accounts on the 1st of Ramadan, provided your balance is above the official Nisab.
- Nisab and Calculation:
- Zakat (Zakat-ul-Maal) is 2.5% of one’s total savings and assets (like gold above 7.5 tolas) that have been held for one lunar year and are above the Nisab. The Nisab (threshold) is announced annually by the government and is based on the value of 52.5 tolas of silver.
- Zakat on Income vs. Savings:
- Zakat is not charged on monthly income or salary as it is earned; it is charged on the savings that are accumulated from that income and held for a year.
FAQS
How to get Zakat declaration form?
You can easily download a Zakat declaration form (CZ 50) template from our website, pakagreement. This form must then be printed on the required stamp paper and attested by an Oath Commissioner or notary public to be legally valid for submission to your bank.
When to submit Zakat declaration form?
The Zakat declaration form (CZ 50) must be submitted to your bank or financial institution before the 1st of Ramadan. This is the official date when Zakat is deducted from profit-bearing accounts, so your form must be on record before this date to prevent the deduction.
What is Zakat affidavit CZ 50?
The CZ 50 is a legal affidavit, or sworn statement, printed on stamp paper. In it, a person declares that they are not liable for the compulsory Zakat deduction by the government. This is typically filed by individuals who follow a fiqh that does not align with the state’s deduction rules (e.g., Fiqh-e-Jafaria) or who wish to calculate and distribute their Zakat manually.
What is the purpose of Zakat declaration?
The main purpose is to legally claim exemption from the automatic Zakat deduction from your bank accounts, savings certificates, and other financial instruments. By submitting this form, you certify to the bank that you will pay your Zakat privately, and they should not deduct it.
How much Zakat on 100,000 rupees in Pakistan?
Zakat is calculated at 2.5% of your total savings. On Rs. 100,000, the Zakat amount would be Rs. 2,500. This is only applicable if this amount is above the official Nisab (threshold) and has been in your possession for one full lunar year.
How to obtain a Zakat certificate?
A Zakat certificate is a receipt or proof of payment. If your Zakat is deducted by the bank, your bank statement serves as the certificate. If you pay Zakat to a charitable organization (like Edhi Foundation, SIUT, etc.), they will issue you an official receipt or certificate for your records.
How much Zakat is in 1 tola?
No Zakat is due on only 1 tola of gold, as the minimum threshold (Nisab) for gold is 7.5 tolas. If you possess 7.5 tolas of gold or more (and have held it for a year), you must pay 2.5% of its total current market value.
Who are the 8 people eligible for Zakat?
The Holy Quran specifies eight categories of people (Masarif) who are eligible to receive Zakat. These are: 1. The Poor (Al-Fuqara), 2. The Needy (Al-Masakin), 3. Zakat Collectors (Al-Amileen), 4. New Muslims (Al-Muallaf-at-Qulub), 5. To free captives (Ar-Riqab), 6. Those in debt (Al-Gharimeen), 7. In the way of Allah (Fi Sabilillah), and 8. The traveler (Ibnus-Sabil).
How much Zakat for 1000 rupees?
No Zakat is due on Rs. 1,000. This amount is well below the official Nisab (threshold) announced by the government, which was Rs. 135,179 for 2024. You only pay Zakat if your total savings exceed the Nisab.
Is there a penalty for not paying zakat?
From a legal perspective in Pakistan, there is no state-imposed penalty for not paying Zakat voluntarily. However, if you have funds in a bank and do not submit a Zakat declaration (CZ 50) for exemption, the bank will automatically deduct 2.5% on the 1st of Ramadan.
How much is zakat on salary?
Zakat is not charged on the salary you earn each month (income). It is charged on your savings. If you save a portion of your salary, and these savings (along with other assets) remain above the Nisab for one full lunar year, you must pay 2.5% on the total saved amount.
What is the Nisab for zakat 2025?
The Zakat Nisab for bank deductions for 2025 will be announced by the Ministry of Religious Affairs just before Ramadan 2025. It is based on the value of 52.5 tolas of silver. For reference, the Nisab for 2024 was set at Rs. 135,179.
What is the bank Zakat deduction amount for 2025?
The bank Zakat rate is fixed at 2.5%. The amount deducted depends on your account balance on the 1st of Ramadan. The Nisab (minimum amount) for deduction in 2025 will be announced by the government before Ramadan. If your balance is below the Nisab, no Zakat will be deducted.
Are affidavit and stamp paper the same?
No. Stamp paper is the official, legal-grade paper with a government revenue stamp on it, which is required for legal documents. An affidavit is the statement itself—a sworn declaration of facts—that is printed onto the stamp paper to make it a legally valid document.
What are the two forms of Zakat?
The two main forms of Zakat are Zakat-ul-Maal (Zakat on wealth) and Zakat-ul-Fitr (also known as Fitrana). Zakat-ul-Maal is the 2.5% paid annually on your savings and assets. Zakat-ul-Fitr is a smaller, fixed amount paid by every Muslim before the Eid-ul-Fitr prayer.
Is Zakat declaration yes or no?
Submitting a Zakat declaration is not mandatory for everyone. The answer is “Yes” (you must submit it) only if you want to be exempted from the automatic Zakat deduction by your bank. If you do not submit the form, the answer is “No,” and the bank will deduct Zakat automatically.
How much Zakat on 1 lakh rupees in Pakistan?
1 Lakh rupees is Rs. 100,000. Zakat is 2.5% of this amount, which is Rs. 2,500. This is only payable if your total savings are above the Nisab (official threshold) and you have possessed them for one lunar year.
Who is eligible for Zakat receiver?
A Zakat receiver (mustahiq) must fall into one of the eight categories specified in the Quran. These include the poor, the needy, those in debt, travelers in need, and others who do not possess wealth equal to the Nisab.
Reference
- Government of Pakistan. (1980). Zakat and Ushr Ordinance, 1980 (Ordinance No. XVIII of 1980). Retrieved from https://zakat.punjab.gov.pk/system/files/zakatushr1980.pdf
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