The National Savings Centre has held the profit rate for its Sarwa Islamic Savings Account (SISA) at a steady 9.5%, offering small investors a Sharia-compliant avenue to build their wealth.
The latest update, effective from August 21, 2025, indicates that an individual investing Rs100,000 in the scheme will earn a monthly profit of Rs950, though this amount is subject to government withholding tax deductions.
Tax-filing investors will face a 15% tax, reducing their monthly profit to Rs807.50, while non-filers will see a 35% deduction, lowering their earnings to Rs617.50. This structure incentivizes tax compliance, allowing filers to keep a larger portion of their returns.
The SISA requires a minimum deposit of Rs50,000, with no upper limit, catering to both modest savers and affluent individuals seeking flexible investment options.
READ MORE: Currency Rates of National Bank of Pakistan
Operating under the Wakala-bil-Istismar model, SISA designates investors as principals (Muwakkil) and the Ministry of Finance as an agent (Wakeel) to oversee funds in Shariah-approved government initiatives. Any profit exceeding the 9.5% rate is considered an incentive for the agent, while account holders bear a proportionate share of any losses, aligning with Islamic financial principles.
