ArabianBusiness.com - Middle East Business News
Sunday, 22 November 2009 12:38 UAE time

YOUR DIRECTORY /

| Share |

Zakat Fund first to allow payment by mobile

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Wednesday, 12 September 2007

The UAE's Zakat Fund, which collects which collects the compulsory 2.5 zakat (alms) levy Muslims have to pay on their wealth, said today it had become the first zakat institution in the world to allow payment by mobile, and the second insitution in the region after telecoms giant, Etisalat.

People in the UAE could dial *123# from their mobile phones and be able to pay their zakat securely using credit card, a senior executive at the Zakat Fund told ArabianBusiness.com exclusively today at GITEX in Dubai.

"We're the first company after Etisalat to allow payment by mobile and we're the first zakat institution in the world to enable this," said Ahmad Saad of the Zakat Fund.

Story continues below
advertisement

Established as an independent authority under UAE federal law in 2003, the Zakat fund aims to collect and and distribute the zakat levy, so that it can be used to assist poor and disadvantaged people.

A new English website would also be available on the fund's website (http://www.zakatfund.ae) at the start of Ramadan, expected to be September 13, the executive added.

| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

SHARE PRICE CHECK

 EMAIL ALERTS

  1. Zakat Fund

  2. Technology


Tell us your story

READER COMMENTS

  1. The Roubini Vs Rogers debate 02
    22 Nov ' 09 at 06:30
    What's not to understand.It's 1930s Hoover-Roosevelt liquidation.Are you really naive enough to believe that Andrew Mellon's...   More  »
  2. RTA to lease last batch of retail outlets on Red Line 02
    21 Nov ' 09 at 22:46
    Raj, actually they withdraw their bid, 5 weeks before 09/09/09, and have been sold out to Bakemart...just a month ago...   More  »
  3. Merger technical talks to conclude in a month - Emaar 01
    22 Nov ' 09 at 09:04
    The coming together of the 2 titans, gives them added strength to monopolize and dominate the re market. Added strength to also hike...   More  »

Read all user comments >

Gitex 2009

MORE FROM ARABIANBUSINESS.COM