Karachi: IBA Centre for Excellence in Islamic Finance in collaboration with Ihsan Trust conducted a training on “Collection, Utilization & Investment of Zakah & Donations in Welfare Organizations”, a one-day course to provide participants with an understanding of Zakah & Charity Donation and Distribution of wealth from the Shariah perspective.
In attendance were scholars, practitioners and academicians from welfare organizations, hospital and health care organizations, Trusts, and educational institutions. The session revolved around creating the basis on which Zakah Funds are formed, how they are used and the investment and potential avenues of disbursement of those Funds and donations.
Mufti Naveed Alam, a member of the Shariah Compliance department, Meezan Bank, spoke at length about the principalities of Zakah, Donations and the employment of these to benefit welfare organizations, whether through infrastructure development, development of healthcare and educational funds, or the enhancement of wellbeing. Processes and proceedures were also discussed and how healthcare, welfare and educational organizations and Institutes can benefit from them.
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