** People rescuing an injured passenger from inside a passenger bus hit by a truck on Dhaka-Mawa Expressway in Shologhar area of Shreenagar upazila in Munshiganj on Thursday. ** Motorcycles allowed on Padma Bridge after 10 months ** Commuters charge extra fare, passengers disappointed ** 78 people killed in Yemen stampede ** Moon sighting committee meets today to ascertain Eid day ** 9 killed in road accidents in 3 districts ** US announces new $325 m military aid package for Ukraine ** Eid-ul-Fitr in Saudi Arabia today ** Eid exodus begins ** LPG price cut illusive ** 15 hurt as bus overturns in capital ** New interbank cheque clearing timings set for Eid holidays ** Four women hit by a train die in Tangail ** 12.28 lakh SIM users left Dhaka on Tuesday ** Sylhet engineer threatened over power outage ** People rush to village homes to spend Eid holidays with their near and dear ones. This photo was taken from Sadarghat Launch Terminal on Tuesday. NN photo ** Surge in cases of dehydration, diarrhoea amid summer heat wave ** Padma Bridge construction cost increases by Tk 2,412cr ** PM gives Tk 90m to Bangabazar fire victims ** Textile workers block highway demanding wage, Eid bonus ** Attack on PM's motorcade Ex-BNP MP, 3 others get life term ** Load-shedding increases for demand of electricity during heat wave ** Motorbikes to be allowed on Padma bridge from Thursday ** 5-day Eid vacation begins from today ** Take Nangalkot train accident as a warning about negligence of govt functionaries **

Institutionalized Zakat Management for Poverty Reduction

09 June 2014

Business Desk :
Zakat, a designed poverty eradication tool, clearly prescribed in the holy Quran and Sunnah, has been completely ignored in all poverty alleviation plans and programs in Bangladesh. Zakat, the lost treasure should be explored and revived and be included in the poverty eradication strategies of the country for greater benefit of the distressed people.
This has been disclosed at a roundtable conference on 'Institutionalized Approach to Zakat Management for Poverty Alleviation'. The conference was arranged jointly by Center for Zakat Management and The Financial Express at a local hotel in Dhaka today.
 "In Bangladesh, zakat funds could have contributed upto 40% of ADP (2004-2005) amounts Taka more than 30 thousand millions. If the zakat funds are properly mobilized, these fund could replace foreign aid for poverty alleviation and thus significantly reduce the debt burden" . The keynote speaker pointed out this in the conference.
The keynote paper was presented by Dr. Mohammad Ayub Miah, CEO, Center for Zakat Management (CZM) and Mr. M. Azizul Huq, Islamic Banking Consultant, AB Bank Ltd moderated the conference. The eminent personalities including economists, academicians and senior citizens of Bangladesh took part in the discussions.
The speakers stressed the need for introducing institutionalized approach to Zakat management for poverty alleviation and opined that Zakat could be supportive to government efforts and be a economic tool for social upliftment which could be becoming a mainstream approach to poverty reduction in Bangladesh. 

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