In Pakistan, banks deduct Zakat on the ________ each year.
A15 Shaban
B1st Rajab
C2nd Zilhajj
D1st Ramzan
Correct answer
D. 1st Ramzan
Explanation
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.