From Asianinvestor.net: BMB Group, a global alternative asset management and financial services firm, has been chosen to manage a charity fund for International Zakat Organisation (IZO), a newly formed charitable body of the Organization of Islamic Conference (OIC).

The Global Zakat and Charity Fund is expected to be the largest Islamic charitable initiative in the world. Zakat is the Islamic principle of giving a percentage of one’s income to charity. It is often compared to the system of tithing and alms, but it mainly serves as the welfare contribution to poor and deprived people in Muslim countries….. Full Article: Source