The National Savings Centre has maintained the profit rate for its Sarwa Islamic Savings Account (SISA) at 9.5%, giving small investors a Sharia-compliant way to grow their money.
According to the latest update (effective August 21, 2025), an individual who invests Rs100,000 in SISA will receive a monthly profit of Rs950. However, the return is subject to government withholding tax deductions.
Tax on profit
-
Filer investors: 15% tax, reducing monthly profit from Rs950 to Rs807.50
-
Non-filer investors: 35% tax, reducing monthly profit from Rs950 to Rs617.50
This means that being a tax filer allows investors to retain a larger share of their monthly earnings.
Minimum investment and limits
The scheme requires a minimum deposit of Rs50,000. There is no maximum cap on investment, making it flexible for both small savers and high-net-worth individuals.
Sharia-compliant structure
The SISA is based on the Wakala-bil-Istismar model, under which investors act as principals (Muwakkil) and appoint the Ministry of Finance as an agent (Wakeel) to manage their funds in Shariah-approved government projects.
-
If the profit exceeds the announced rate, the excess is treated as an incentive for the agent (MoF).
-
If there is a loss, account holders bear the proportionate risk.
