Zakat is a religious obligation for the Muslim faithfuls who meet the necessary criteria of wealth. It is one of the Five Pillars of the Islamic faith.
Waqf (Endowment fund) is an inalienable charitable endowment for religious or charitable purposes with no intention of reclaiming the assets. The donated assets may be held by a charitable trust.
Financial advisory on Zakat and Waqf shall be provided by the Bank to meet the needs of customers.