Exemptions under this section +

1. Special purpose vehicle for the purpose of securitization or issue of sukuks.
2. Venture Capital Company
3. Islamic Development Bank
4. Any person making payments to:
   • National Investment Unit Trust;
   • a Collective Investment Scheme;
   • Approved Pension Fund;
   • an Approved Income Payment Plan;
   • a REIT Scheme;
   • a recognized provident fund; or
   • an approved superannuation fund or an approved gratuity fund.
   • International Finance Corporation
   • Asian Development Bank
   • The ECO Trade and Development Bank
   • The persons mentioned in Table 1 of clause (66) of Part I of the Second Schedule as recipients of payment. Provided that such persons shall continue to perform functions as withholding and collecting agent under the aforesaid provisions.