Disclosure of Zakat Bank Shares
Disclosure of Zakat Bank Shares
This is to inform you that following computing the bank’s Zakat for the financial year ended 31.12.2016 , and as the bank has paid 1% Zakat tax to the Ministry of Finance, thus, the bank shall be considered as if it has settled the Zakat on behalf of the bank’s shareholders for the financial year ended 31.12.2016, as the percentage paid as Zakat tax has covered the shareholders’ payable Zakat.