Sunday, June 22, 2025
12.2 C
Tallinn

Islamic Development Bank Institute Delivers Training on Managing Islamic Social Finance in Uganda

The objective of the grant is to develop the capacity of the institution to properly manage zakat for the benefit of the Muslim community in Uganda

KAMPALA, Uganda, August 20, 2023/ — The Islamic Development Bank Institute (IsDBI)  organized a training program on zakat management in Kampala, Uganda, as part of initiatives to promote the development of Islamic social finance in the IsDB member countries.

Held from 14 -16 August 2023, the program was attended by participants from across Uganda as part of a technical assistance grant for capacity development in Islamic social finance for the House of Zakat and Waqf in Uganda (HZWU).

The objective of the grant is to develop the capacity of the institution to properly manage zakat for the benefit of the Muslim community in Uganda. The grant also aims to contribute to human capital development in Islamic social finance in Uganda.

The participants attended nine training sessions during the three days of intensive training delivered by Dr. Mustafa Omar Mohamed, a professional trainer and expert in Islamic social finance.

Topics covered included fiqh of zakat, the governance of zakat institutions, the role of zakat in achieving SDGs, the use of fintech in zakat, and success stories in zakat management in IsDB member countries.

Dr. Issahaq Umar Iddrisu, Manager of IsDB Regional Hub of Kampala, in his speech, encouraged the Muslim community in Uganda to explore the potential of Islamic social finance to help overcome the community challenges.

Dr. Mahmoud Bekri, Economist at IsDBI, emphasized the importance of using modern technologies to optimize the management and outreach of zakat donations to ensure that no one is left behind.

Dr. Hamzah Namungo, Head of Finance and Planning of HZWU, and an alumni of its education grant program said that the training was a great opportunity for all participants to improve the practical understanding of the impact of zakat on economic, social, and development aspects of Ugandan Muslims.

The participants appreciated the training program, particularly the rich insights into the pioneering and inspiring experiences of different IsDB member countries in managing zakat.

Hot this week

Joseph Chu’ma Otteh: The Man Who Changed Human Rights Enforcement in Nigeria By Chidi Anselm Odinkalu

The legal career of Joseph Chu’ma Otteh, whose mortal...

Atiku, El-Rufai Lead Push for New Party, Submit ADA Registration Request to INEC

National Opposition Coalition Group, led by former Vice President...

Troops Were in Yelwata Before Attack but Misled by False Terror Alert – Defence Chief

Nigeria’s Chief of Defence Staff (CDS), General Christopher Musa,...

President Trump Orders Mass Layoffs At VOA

Agency Report - President Donald Trump’s administration on Friday ordered...

Latest

Atiku, El-Rufai Lead Push for New Party, Submit ADA Registration Request to INEC

National Opposition Coalition Group, led by former Vice President...

Troops Were in Yelwata Before Attack but Misled by False Terror Alert – Defence Chief

Nigeria’s Chief of Defence Staff (CDS), General Christopher Musa,...

President Trump Orders Mass Layoffs At VOA

Agency Report - President Donald Trump’s administration on Friday ordered...

NNPC Spokesman Olufemi Soneye Resigns

Olufemi Soneye, spokesman of Nigerian National Petroleum Company (NNPC)...

Kremlin Blames German Recession on ‘Turning Away From Russia’

Agency Report - The Kremlin believes the German economy, reeling...
spot_img

Related Articles

Popular Section

spot_imgspot_img

MORE FROM CHATNEWSTV

EU Ministers Back Bulgaria’s Bid to Join Eurozone in 2026

BRUSSELS, June 19 (Chatnewstv.com) — Euro area finance ministers on Thursday recommended that Bulgaria join the eurozone in 2026, setting the Balkan nation on...

Nigeria Warns of Mineral Trade Retaliation if Included in US Travel Ban

ABUJA, June 18 (Chatnewstv.com) — Nigeria’s Foreign Minister Yussuf Tuggar on Wednesday warned that the country could retaliate by restricting access to its critical minerals...

Nigerian Government Offers N50bn Green Bond at N1,000 Per Unit

Agency Report - The Federal Government, through the Debt Management Office, has offered Green Bond valued at N50 billion for subscription at N1, 000 per...

German central bank president sees hope for slight growth in 2025

Agency Report - The head of Germany's central bank, Joachim Nagel, believes the German economy may be able to avoid a third consecutive year without...

Okonjo-Iweala Welcomes Dominican President to WTO, Urges Fisheries Pact Ratification

GENEVA (CHATNEWSTV) — World Trade Organization Director-General Ngozi Okonjo-Iweala welcomed Dominican Republic President Luis Rodolfo Abinader Corona to WTO headquarters on Tuesday, praising the...

Beer prices in Germany set to rise as brewers announce hikes

Agency Report - Beer in Germany could soon become more expensive for many people, with price hikes expected on both bottled and draught beer later...

Nigerian Airline Condemns Politician’s Violent Outburst at Lagos Airport

LAGOS, Nigeria (CHATNEWSTV) — Nigerian carrier Air Peace on Wednesday strongly condemned what it described as “unruly conduct” by a prominent politician at Murtala...

Real wages in Germany up for eighth consecutive quarter

Agency Report - Real wages in Germany rose for the eighth consecutive time in the first quarter, though at a slower pace than recorded in...

Norway Ratifies Global Ocean Treaty

NEW YORK — Norway has ratified the Biodiversity Beyond National Jurisdiction (BBNJ) Agreement at the United Nations, becoming the 31st country to back the...