Tue, Jan 28, 2020
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Islamic Law / Economics, Market Moves more

Saudi Kingdom has SR 1 trillion worth of Zakat: Saleh Kamel

Posted on 10 August 2012

Prominent Saudi businessman Saleh Kamel has estimated the total value of Zakat in the Kingdom at SR 1 trillion, and said such a huge amount could be used to solve many economic and social problems in the country.
Kamel, who is also chairman of the Islamic Chamber of Commerce and Industry, said people should pay Zakat for real estate properties that have been for sale. “We Muslims should understand the economic wisdom behind the Zakat system. If we collect and use Zakat properly, it can bring about substantial improvement in our economic condition,” Kamel told a gathering of businessmen and academics in Madinah………………………………………..Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
January 2020
M T W T F S S
« May    
 12345
6789101112
13141516171819
20212223242526
2728293031