Circulars

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.

June 26, 2014
6493

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.

  1. Please acknowledge receipt.

Enclosed:

Yours sincerely,

Muhammad Arif
Sr. Joint Director