16.08.2012 - Bangladesh: Contribution of Zakat to national economy stressed
'Zakat' could contribute to the country's annual development programme (ADP) by alleviating poverty and propelling the nation. Dr Kabir Hasan, professor of New Orleans University of USA, made the observation during an interview arranged by the Centre for Zakat Management (CZM) in the city recently. The CZM, initiated by Rahimafrooz Industrial Group, has been working with an Islamic model characterised by institutional management of Zakat for poverty alleviation since 2008. "If Zakat fund is collected and managed properly, it can be used to create a pull of funds, which can be used in financing development activities and can replace government expenditures," Dr Kabir Hasan mentioned...............................................Full Article: Source
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