The National Savings Centre has maintained a 9.5% profit rate for its Sarwa Islamic Savings Account (SISA), providing a Sharia-compliant option for small investors. As of August 21, 2025, an individual investing Rs100,000 in SISA will receive a monthly profit of Rs950, though this is subject to government withholding tax.
Tax Deductions:
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Filer investors: 15% tax, reducing the monthly profit to Rs807.50
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Non-filer investors: 35% tax, reducing the monthly profit to Rs617.50
The scheme requires a minimum deposit of Rs50,000, with no maximum cap, making it accessible to both small investors and high-net-worth individuals.
Sharia-Compliant Structure:
Based on the Wakala-bil-Istismar model, the SISA allows investors to appoint the Ministry of Finance as an agent (Wakeel) to manage funds in Sharia-compliant projects. If profits exceed the announced rate, the surplus is considered an incentive for the Ministry of Finance. If th
