2 articles tagged “Tax”
Section 63 of the Income Tax Ordinance gives VPS contributors a credit worth their average tax rate on up to 20% of taxable income. How it works, who qualifies, and the fine print.
Islamic VPS funds are halal per mainstream scholars: sub-funds hold only screened assets under named Shariah boards, and the Section 63 tax credit is a tax reduction, not interest. The evidence.