Circulars/Notifications - Banking Policy & Regulations Department  
 BPRD Circular Letter No. 20 of 2014
June 26, 2014

The Presidents/Chief Executives
All Banks/DFIs/MFBs

Dear Sir / Madam,

DEDUCTION OF ZAKAT AT SOURCE IN RESPECT OF SAVING BANKS/PROFIT AND LOSS SHARING AND SIMILAR BANK ACCOUNTS (ASSET CODE NO. 101) AND DEPOSIT THEREOF IMMEDIATELY AFTER DEDUCTION DATE

We are enclosing herewith a copy of the Notification No. CE3 1001(36)/NISAB/1434-35/2014/3494 dated June 26, 2014 issued by Ministry of Religious Affairs and Inter-Faith Harmony, on the above subject for immediate necessary action. Accordingly the Zakat shall be deducted as per instructions contained in the enclosed Notification.

3. Please acknowledge receipt.

Encl: As above

 




Yours truly,

Sd/-

( Muhammad Arif )
Sr. Joint Director

       
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