Islamabad
\nA study group of relevant experts and stakeholders formed by the Institute of Policy Studies (IPS) \u2013 in collaboration with the Council of Islamic Ideology (CII) \u2013 will help develop an effective Islamic social finance model for sustainable social protection that can realize the dream of an Islamic welfare state in Pakistan.
\nThe extensive one-year study will conclude with concrete policy recommendations and draft legislation for the federal, provincial, and local levels.
\nThe inaugural meeting of the project titled \u2018Islamic Social Finance for Social Protection\u2019 was co-chaired by Dr Ikram-ul-Haq Yaseen, secretary, Council of Islamic Ideology (CII) and Dr Muhammad Tahir Mansoori, former vice president, International Islamic University, Islamabad.
\nThe session was addressed, as main speakers, by Khalid Rahman, IPS\u2019 chairman, Dr H. Hendri Tanjung, advisor to the Indonesian president on Waqf, Dr Salman Ahmed Shaikh, the project\u2019s principal investigator and assistant professor, SZABIST, Karachi, and Mustafa Khan, technical advisor, GIZ (Deutsche Gesellschaft f\u00fcr Internationale Zusammenarbeit).
\nProminent participants of the session included Omar Mustafa Ansari, secretary-general, Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), Bahrain, Syed Abu Ahmad Akif, member, Prime Minister\u2019s Inspection Commission and former federal secretary, Dr Abdul Saboor, dean, PMAS Arid Agriculture University, Rawalpindi, Azeem Pirani, CEO, Pak-Qatar Takaful, Dr Nazir Ahmed Ved, Akhuwat Foundation, Qanit Khalilullah, chartered accountant and economic analyst, Mufti Ghulam Majid, senior research officer, CII, Dr Anwar Shah, associate professor, Quaid-i-Azam University (QAU), Islamabad, Ghazala Ghalib, PhD scholar and lecturer, IIUI, Numair Hasan Madni, Alkhidmat Foundation, and officials from Zakat and Usher departments of Khyber Pakhtunkhwa and Punjab.
\nDr Hendri, who addressed the meeting online from Indonesia, apprised the participants about the unique measures the Government of Indonesia has undertaken to ensure that the charity funds gathered from its people were utilized to benefit the poor and needy countrymen.
\nDr Ikram advised the project team to keep the trust element in mind while devising a social protection model for an Islamic welfare state. He also underscored the importance of carrying out ijtihad in the disbursement of Zakat and Ushr in the prevalent conditions.
\nThe discussion, in addition, also discussed the role of mosques in the collection of Zakat & Ushr within a locality, the potential use of technology in collection and disbursement of charitable money, and the need to redefine Zakat recipient\u2019s eligibility in the current socio-economic situation.<\/p>\n","protected":false},"excerpt":{"rendered":"
Islamabad A study group of relevant experts and stakeholders formed by the Institute of Policy Studies (IPS) \u2013 in collaboration with the Council of Islamic Ideology (CII) \u2013 will help develop an effective Islamic social finance model for sustainable social protection that can realize the dream of an Islamic welfare state in Pakistan. The extensive […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-235216","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-national"},"yoast_head":"\n