Tag: Zakat
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Zakat A practical approach to boosting the economy
By: Saif Alam Siddiqui As we have entered the last phase of the Holy month, let us refresh the concept again, Literally, zakat means to grow, it can be used as an alternative approach for capacity building to be more productive, thereby contributing more to the economy. With around 1.8 billion Muslims globally i.e 24.1%…
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Zakat Payment: A Pious Deed
By M S Shabbir Ramadhan is a holy month for 170 million Muslims who spend their wealth in charitable causes and consider this deed as not an expense item although it certainly reduces one’s available cash flow. This spending on the poor and needy is an investment in the Pious Deeds Deposit Account. Zakat is…
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Islamic Relief launched “Building resources across the communities – Exploring the power of Zakat”
New Delhi: Islamic Relief India launched its two-yearlong campaign on “Building resources across the communities – Exploring the power of Zakat” on 4th July 2015 at Hotel Metro Star Hotel, Jasola, New Delhi. The objective of the campaign is to sensitize muslim’s about the importance of charity giving in Islam and how it can be…
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Need to streamline Zakat & Sadaqah administration in the world
By Dr. Syed Zafar Mahmood, Circulation of wealth: Zakat & Sadaqah Bringing about economic equality through circulation of wealth in the society is one of the fundamental objectives of Islam. The instrumentality prescribed to achieve this goal is popularly known as Zakat that is considered, like Namaz or Salah, as a prescribed mode of mandated…