Search results
Results from the WOW.Com Content Network
Finance Bill 2017 makes no changes to the current tax legislation providing tax holidays for: industries established in export processing zones (5 to 7 years, depending on location) investment in economic zones (10 years) and development of economic zones (12 years) industrial undertakings (5 to 10 years, depending on location)
The National Budget of Bangladesh is the government's annual financial statement, outlining the projected income and expenditure for the fiscal year. According to Article 87.(1) of the Constitution of Bangladesh , presenting this budget is a mandatory duty of the government.
The National Board of Revenue (NBR) (Bengali: জাতীয় রাজস্ব বোর্ড) is the central authority for tax administration in Bangladesh. It is a statutory authority attached with the Internal Resources Division of Ministry of Finance. NBR is the authority for tax policies and tax laws in Bangladesh.
Islamic taxes are taxes sanctioned by Islamic law. [1] They are based on both "the legal status of taxable land" and on "the communal or religious status of the taxpayer". [1] Islamic taxes include zakat - one of the five pillars of Islam. Only imposed on Muslims, it is generally described as a 2.5% tax on savings to be donated to the Muslim ...
Habib Bank Limited was established as a public limited company in Bombay in 1941 by the Habib family, previously engaged in internal trade and private banking. [9] The bank's founding was influenced by the revitalization of Muslim politics by Muhammad Ali Jinnah in 1936, prompting the Habibs to challenge the existing Hindu-British dominance in ...
According to Lane's Lexicon, jizya is the tax that is taken from the free non-Muslim subjects of an Islamic government, whereby they ratify the pact that ensures them protection. [46] [47] Michael G. Morony states that: [48]
As of 2017, Islamic banking, led by Islami Bank Bangladesh Ltd, controls 20% of deposits in Bangladesh. [12] Bangladesh operates the world's biggest Islamic microfinance scheme. [12] According to Bangladeshi government polling, Islamic banking has an overall approval rating of 84% among the country's population. [12]
According to economist and Islamic finance critic Feisal Khan, a "true" or strict Islamic banking and finance system of profit and loss sharing (the type supported by Taqi Usmani and the Shariah Appellate Bench of the Supreme Court of Pakistan) would severely cripple central banks' ability to fight a credit crunch or liquidity crisis that leads ...