BANK OF PUNJAB versus ADMINISTRATOR, GENERAL CENTRAL ZAKAT ADMINISTRATION, ISLAMABAD
Section 2 (xxiii), cis (a) to (n) period, the lineage assessment of the category of persons by whom zakat payable is payable to clause (a) (n) of the corporation, company or association of specific persons. (92) (xxiii), Zakat and the effect of Usher Ordinance, 1980, whether a company or a legal corporation, or the body of individuals, falls within the scope of the term or its answer by examining the meaning given to the term and With reference to Zakat and the other provisions of the Oscar Ordinance reflect the 1980 investment in NIT units as well as the profits made by each collector's account, thus, subject to the mandatory deduction of zakat uls. Will go Therefore, the Zakat and Usher Ordinance will not apply to the bank and so will the investment in NIT units.
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