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Daily Business Wrap - Saudi to double Zakat or tax on banks

2025-02-12 0 Dailymotion

Saudi Arabia is considering plans to increase an Islamic tax paid by local banks to as much as 20 percent, or double the current rate, according to people with knowledge of the matter, as the world's biggest oil exporter seeks to bolster alternative sources of revenue. Daily headlines from the UAE and around the world brought to you by Gulf News. See more at: http://gulfnews.com/videos