Regulatory Alerts2026-02-17 | BPRD Circular Letter No. 03 of 2026Added · Updated
Deduction of Zakat at Source for Saving Banks and Profit & Loss Sharing Accounts
Banks, Development Finance Institutions, and Microfinance Banks must comply with Notification No. CE-1001(36)/NISAB/1446-47/2026-48 issued by the Ministry of Poverty Alleviation & Social Safety regarding the deduction of Zakat at source. This obligation applies specifically to Saving Banks, Profit & Loss Sharing, and similar bank accounts identified under Asset Code No. 101. Financial institutions are required to deposit the deducted amounts immediately after the deduction date.
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