SECOND SCHEDULE

ORDINANCE I OF 2011 ORDINANCE I OF 2011 BALOCHISTAN ZAKAT AND USHR ORDINANCE, 2011 An Ordinance to make provisions relating to the assessment, collection and disbursement of Zakat and Ushr [Gazette of Balochistan, Extraordinary, 22th April, 2011] No. Legis.1-52/Law/79-Vol-II/4371-72, dated 26-4-2011.---The following Ordinance made by the Governor of Balochistan on 22nd April, 2011 is hereby published for general information:-- Whereas it is necessary to make provisions relating to the assessment, collection and disbursement of Zakat and Ushr and matters connected therewith or incidental thereto. And Whereas Zakat, including Ushr, is one of the fundamental pillars (Arkan) of Islam; and prime objective, of the collection of Zakat and Ushr, and disbursements therefrom, is to assist the needy, the indigent and the poor; And whereas the rates of Zakat and Ushr, as also the purposes for the utilization of Zakat and Ushr, are specified in Shariah; And whereas Shariah enjoins all Muslims who are Sahib-e-Nisab to pay, and the State to arrange for the proper collection, disbursement and utilization of Zakat and Ushr, and also allows such Muslims to disburse for the purposes authorized by Shariah the part thereof not collected by the State; And whereas the Provincial Assembly of Balochistan is not in session and the Governor is satisfied that circumstances exist which render it necessary to take immediate action; Now, therefore, in exercise of the powers conferred by Article 128(1) of the Constitution of the Islamic Republic of Pakistan, 1973, the Governor is pleased to make and promulgate the following Ordinance:-- SECOND SCHEDULE [See sections 2, 3 (5) and 5] ITEMS NOT SUBJECT TO COMPULSORY LEVY OF ZAKAT BUT ON WHICH ZAKAT IS PAYABLE BY EVERY SAHIB-E-NISAB ACCORDING TO THE RELEVANT NISAB, ON SELF-ASSESSMENT BASIS, ETTHER TO S.NO. ITEMS RATE AND BASIS OF SELF- ASSESSMENT. 1. Gold and silver and manufactures thereof 2.5% of the market value as on the Valuation Date. 2. Cash. 2.5% of the amount as on the Valuation Date. 3. Prize bonds 2.5% of the face value as on the Valuation Date. 4. Current accounts and foreign currency accounts and to be extent not subject to compulsory levy of Zakat under the First Schedule, other accounts, certificates, receipts, units of National Investment (Unit) Trust, ICP-Mutual Fund Certificates, Government securities, annuities, Life Insurance Policies and Provident Funds. 2.5% of the value of the asset, as on the Valuation Date. 5. Loans receivable excepting loans receivable by banks, other financial institutions, statutory corporations and companies. 2.5% of the amount of loan receivable, as on the Valuation Date. 6. Securities including shares and debentures, to the extent not subject to compulsory levy of Zakat under the First Schedule. If listed on the stock exchanges, 2.5% of the market value i.e. the closing rate of the Karachi Stock Exchange as on the Valuation Date, and If not listed on the stock exchange, 2.5% of the paid-up value as on the Valuation Date. 7. Stock in trade of:-- (a) Commercial undertakings including dealers in real estate; (b) Industrial undertakings. (c) Precious metals and stones and manufactures thereof. (d) Fish and other catch/produce of the sea, except catches by indigenous techniques. (a) 2.45% of the book value or at the option of Sahib-e-Nisab, the market value as on the Valuation Date. (b) 2.5 % of the book value or at the option of the Sahib-e- Nisab the market value of raw material and finished goods as on the valuation date. (c) 2.5 % of the market value, as on the Valuation Date. (d) 2.5% of the value, as on the Valuation Date. 8. Agricultural/including horticultural and forest produce: (a) Tenant's share. (b) Other than the tenant's share. (a) (i) 10% of the produce, as on the Valuation Date, in the barani area; and (b) (i) 5% over and above the compulsory 5% in the barani area, as on the Valuation Date; and (ii) One=fourth of the value of produce allowed as an allowance for expenses on production. 9. Animals (fed free in pastures) (a) Sheep or goat. As on the Valuation Date: (a) (i) For owners of one to 39 heads nil; (ii) For owners of 40 to 120 heads; one sheep/goats; (iii) For owners of 121 to 200 heads two sheep/goats; (iv) For owners of 201 to 399 heads, three sheep/goats; and (v) For owners of every complete additional hundred (b) Bovine Animals heads one sheep/goat. (b) (i) For owners of one to 29 heads, nil; (ii) For owners of 30 to 39 heads: one calf between one year and two years old. (iii) For owners of 40 to 59 heads; one calf (iv) between two years and three years old; (v) For owners of 60 to 69 heads; two calves between one year and two years old; : (vi) For owners of 70 to 79 heads; one calf between one year and two years old and one between two years and three years old; (vii) For owners of 80 to 89 heads; two calves between two years and three years old; and (viii) For owners of 90 to 99 heads; three calves between one year and two years old; and (ix) For owner of 100 and above 100 heads as in Shariah. (c) Camels (c) (i) For owners of one to 4 heads; nil: (ii) For owners of 5 to 24 heads: one sheep/goat for every five heads. (iii) For owners of 25 to 35 heads: one she-camel between one year and two years old; (iv) For owners of 36 to 45 heads: one she-camel between three years and four years old. (v) For owners of 46 to 60 heads: one she-camel between four years and five years old; (vi) for owners of 61 to 75 heads: two she-camels between two years and three years old; (vii) For owners of 91 to 120 heads: two she-camels between three years and four years old and (viii) For owners of more than 120 heads: as in Shariah; as per Shariah. 10. Wealth and financial assets other than those listed in schedule on which Zakat is payable according to. Shariah. (a) (i) for owners of one to 39 heads-nil (ii) or owners of 40 to 120 heads: one sheep/goat. (iii) for owners of 121 to 200 heads: two sheep/goats; + (iv) for owners of 201 to 400 heads: three sheep/goats; and (v) for owners of every complete additional hundred heads: one sheep/goat, as on the valuation date. (b) (i) For owners of one to 29 heads:, nil (ii) For owners of 30 to 39 heads one year's old calf. (iii) For owners of 40 to 59 heads two years old calf. (iv) For owners of 60 heads and every additional 10 heads one year old calf for each 30 heads and two years old calf for each 40 heads as on the valuation date. (c) (i) For owners of one to 4 heads, Nil (ii) For owners of 5 to 25 heads, one (iii) For owners of 26 to 35 heads: one she-camel between one year and two years old; and (iv) For owners of 36 to 45 heads: one she-camel between two and three years old, and so on, as on the Valuation Date. 11. Fish and other catch/produce of the sea, except catches by indigenous techniques. 2.5% of the value, as on the Valuation Date. 12. Mineral Production. 5% of Market Value of the Mineral excavated as on the valuation date.'