02.10.2009 - Islamic charity fund set for 2010 debut
From Philanthropy.com: A new fund to manage Islamic charitable donations plans to start up in early 2010 and aims to raise $750-million from wealthy Muslims in its first year, Reuters reports. The World Zakat Fund, an effort by the Malaysian government, has so far collected $50-million in “soft” commitments and hopes to pay annual returns of 10 to 15 percent, said Humayon Dar, chief executive of BMB Islamic, a financial consultant who is advising the fund..................Full Article: Source