Voice of the People.

Byline: FAISAL ANSAR-Karachi

Sacred month of Ramadan has arrived and people mostly distribute money to needy people on account of Zakat in this month although it can be distributed in any month when it becomes due and it is principled in Islam that 2% zakat is calculated and deducted on certain amount of money which is saved for one year.

While what banks are doing is not as per this set principle instead banks deduct zakat on first Ramadan @ 2% on the available balance and do not care when the money is...