PV Desk : President M Abdul Hamid today urged well-off people and corporate organizations to concentrate on charitable activities, like Zakat and Waqf, which would supplement the government efforts to lift the people from poverty.
“We need to extend our hands to pull out the less privileged community from the curse of poverty . . . Waqf resources will facilitate the government strides for rooting out poverty, ensuring social safety and achieving Sustainable Development Goals (SDGs),” he said at the inaugural ceremony of an international workshop in a city hotel.
Islamic Research and Training Institute, Islami Bank Bangladesh Limited (IBBL) and Centre for Zakat Management have jointly organised the two-day workshop titled “Revival of Waqf for Socioeconomic Development” with IBBL Chairman Arastoo Khan in the chair.
He also called upon scholars to put their full endeavours to discover the essence of different Islamic financial instruments, including Zakat and Waqf, to support the disadvantaged community.
Referring to the successful institutionalisation of Waqf resources in some Muslim countries, President Hamid stressed the need for reforming and modernising Waqf aiming to institutionalise Waqf resources for the greater welfare of the society. “Although Waqf properties in Bangladesh are administered by respective laws and regulations, we need to reform and modernise it,” the President said.