Circulars

Deduction of Zakat at Source in Respect of Saving Banks/Profit & Loss Sharing and Similar Bank Accounts (Asset Code No.101) and Deposit Thereof Immediately after Deduction Date

May 14, 2018
6272

The Presidents / Chief Executives

All Banks / DFIs / MFBs

Dear Sir / Madam

Deduction of Zakat at Source in Respect of Saving Banks/Profit & Loss Sharing and Similar Bank Accounts (Asset Code No.101) and Deposit Thereof Immediately after Deduction Date

We are enclosing a copy of the Notification No.CE-1001(36)/NISAB/1438-39/2018/304 dated May 14, 2018 issued by the Ministry of Religious Affairs and Interfaith Harmony, on the above subject for immediate necessary action. Accordingly, the Zakat shall be deducted as per instructions contained in the enclosed Notification.

Please acknowledge receipt.

Enclosed:

Yours sincerely,

Syed Imran Ali
Senior Joint Director