Umma Zakat Fund to lift 6 million Nigerians out of poverty annually – D-8 HSP
The Developing-8 Health and Social Protection (D-8 HSP) in collaboration with other partners have launched the Umma Zakat Fund, an Islamic philanthropy mechanism for pooling Zakat that targets lifting six million Nigerians out of poverty, annually. The Global Director D-8 Health and Social Protection Programme (D-8 HSP), Dr Ado Muhammad, made the disclosure yesterday during […]
A family sitting in front of their makeshift home watches as members of Action Aid’s “Get on Board” campaign march through Kibera, Kenya’s largest slum and home to more than 1 million people, demanding an end to poverty on Wednesday 4 May 2005. The Get on Board campaign bus left Johannesburg on 31 March and is expected to arrive in Scotland on 6 July at the G8 gathering of the world’s most powerful leaders to pressure western governments to help eradicate poverty in Africa. EPA/STEPHEN MORRISON
The Developing-8 Health and Social Protection (D-8 HSP) in collaboration with other partners have launched the Umma Zakat Fund, an Islamic philanthropy mechanism for pooling Zakat that targets lifting six million Nigerians out of poverty, annually.
The Global Director D-8 Health and Social Protection Programme (D-8 HSP), Dr Ado Muhammad, made the disclosure yesterday during a workshop to kick start the fund in Abuja.
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Stakeholders including different Islamic bodies in Nigeria, development organisations, the private sector and banking institutions were participating in the programme.
Dr Muhammad said the fund was to foster equal opportunity and improve health and social protection for the people.
While saying that the D-8 HSP believes that the pooling of Zakat coupled with a Waqf and Sadaqah system can be used to address poverty, hunger and diseases, he said the programme envisaged mobilizing N200 billion in the first year of the fund when fully operational.
Dr Sam Agbor, a senior health adviser with the Foreign Common Wealth Development Office, Abuja, described the fund as an innovative financing initiative.