It
has been observed that the banks are recovering service
charges on account of services connected with the collection
and disbursement of Zakat, which is not permissible in
terms of Section 8 (c ))(iii) para-2, Zakat & Ushur
Ordinance, 1980.
2.
Banks are, therefore, advised to ensure that there is
no violation of the provisions of Zakat & Ushur Ordinance
or any other law and ensure compliance with the above
instructions in letter and spirit.
3.
All other instructions on the subject shall, however,
remain unchanged.
Please
acknowledge receipt.