Collecting Zakat money is made through the Bank’s ATM & mobile services

 

Abu Dhabi, 22 August, 2010: Abu Dhabi Islamic Bank (ADIB) has launched a new service to collect Zakat money on behalf of Zakat Fund through the bank’s ATMs, dialing *161# Etisalat on mobile phones or by visiting one of the bank’s branches. These bank services mark the activation of the Memorandum of Understanding (MoU) signed between ADIB and Zakat Fund two months ago.

HE Abdullah bin Aqeeda Al Muhairi, Secretary General of Zakat Fund, said: “Cooperating with such a reputed bank like ADIB reflects the success of our operating plans, programs and strategies which aim at facilitating the collection, calculation and disbursement of Zakat money through collaborating with various social establishments and authorities in the country.”

Al Muhairi pointed out that ADIB has showed much interest in helping Zakat Fund to collect Zakat money by preparing the bank’s ATMs to accept Zakat money, Zakat Al Fitr and all other charities from payers including the bank’s customers. The bank also answers its clients’ enquiries about Zakat and help them pay their Zakat by calling *161# from Etisalat.

“We highly appreciate the interest of ADIB’s management and their efforts in activating the services of collecting Zakat money from its customers, the thing which would eventually help increase Zakat Fund revenues,” said Al Muhairi.

Trad Mahmoud, CEO, ADIB, noted that the bank services offered on behalf of Zakat Fund go in line with the social services the bank is keen to offer at all its branches. “ADIB is very interested in coordinating with Zakat Fund to collect Zakat money from our clients based on the objectives of the MoU signed between the bank and Zakat Fund, and responding to Islamic teachings that stress on helping people doing charitable deeds.”

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About Zakat Fund:

Zakat Fund is an independent federal authority that was established in Abu Dhabi by the federal law No. (4/2003). Its main objective is to enhance Muslims’ awareness about the obligation of Zakat in Islam, and to consolidate its effect and significant role in social and individual development. Zakat Fund makes it the top priority to create a society of solidarity and human compassion through participating in many charitable activities targeting the poor and the needy. The Fund receives, develops and distributes Zakat money of the UAE national and resident Muslims in its legitimate channels specified by Islamic Shari’ah.

Resources of Zakat Fund include the Zakat money which Muslims desire to pay through the Fund or the money referred to the Fund by other charitable associations and authorities. Zakat resources also come from contributions, donations and aids delivered to the Fund by other entities provided that it does not conflict with the Fund’s objectives and that are accepted by the Board of Directors. Resources also include a portion of the UAE general budget that is specifically allocated for the Zakat Fund’s administrative expenses. Two committees have been assigned by the Fund’s Secretariat. The first is a legal committee that provides legal opinions with regard to the rulings of Zakat in Islamic Shari’ah, and the distribution committee which prepares policies of Zakat money disbursement in its legal channels specified by Shari’ah or determined by Zakat payers.

Zakat Fund provides a number of electronic programs to help Zakat payers, whether individuals or organizations, inquire, calculate and pay their Zakat through the Fund’s website and cell phones. Zakat Fund launched a series of charitable projects including: Poor & Needy project, Read project, Reward & Health project, Debtors project, Prisoners’ Families project, Mawadah project, Cooperation project with social and charitable associations, and the latest project of University Students.

For further inquires about Zakat Fund, please visit our website: www.zakatfund.ae

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