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Moves afoot to boost Zakat funds

Posted on 07 May 2009

From Thepeninsulaqatar.com: State-backed Zakat Fund hopes to urge the authorities concerned to make it mandatory for companies listed on the Qatari bourse (Doha Securities Market-DSM) to pay 2.5 percent of their annual profits to be distributed among the needy.

Islam makes it obligatory for individuals and companies to set aside 2.5 percent of their surplus yearly income for Zakat payment…….Full Article: Source

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


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