| Islam requires Muslims to give 2.5 percent of their wealth to the poor every year. This represents a big potential in aid funding, but much of the money is mismanaged. In search for sustainable forms of aid, some organizations are trying to promote a broader perspective in Muslim giving rather than narrow conceptions of charity.
Every year, somewhere between US$200 billion and $1 trillion are spent in "mandatory" alms and voluntary charity across the Muslim world, Islamic financial analysts estimate. At the low end of the estimate, this is 15 times more than global humanitarian aid contributions in 2011...............................................Full Article: Source |