Saudi telecom, information and facts technologies, and postal markets strike $65.6bn in 2020

DUBAI: The United Nations’ refugee agency on Monday described a 12.5 percent increase in donations

DUBAI: The United Nations’ refugee agency on Monday described a 12.5 percent increase in donations to its Refugee Zakat Fund very last year, resulting in a 59 percent boost in the variety of refugees benefiting from this support.

Zakat is 1 of the 5 Pillars of Islam and is a religious responsibility of Muslims to donate money to charitable corporations.

The United Nations Superior Commissioner for Refugees (UNHCR) set up the Refugee Zakat Fund in 2019 and past yr it aided 2.1 million beneficiaries in 13 nations around the world, which include Yemen, Lebanon, Iraq, Jordan, Egypt, Mauritania, Niger, Bangladesh, India and Pakistan.

In accordance to the UNHCR’s Once-a-year Islamic Philanthropy Report, $48.6 million was elevated in 2020, an boost of 12.5 % 12 months-on-12 months.

This meant that 2.1 million refugees and internally displaced people today (IDPs) benefited from the Refugee Zakat Fund in 2020, a increase of 59 percent year-on-12 months. In accordance to the report, 55 per cent of the zakat donations ended up for Yemen, followed by Bangladesh and Lebanon.

Commenting on the influence of Islamic philanthropy on marginalized communities, Prof. Dr. Koutoub Moustafa Sano, secretary-basic of the Worldwide Islamic Fiqh Academy, reported: “With extra than 50 % of the refugees and IDPs coming from OIC nations, the Muslim neighborhood responded with generosity to UNHCR’s Refugee Zakat Fund, in certain in the context of the consequences of the pandemic. But the desires are nevertheless high, and there is substantially area still left to address for the expenses of zakat-compliant activities.”

In spite of the increase in donations, the UNHCR has forecast that it would require $9.1 billion to completely deal with the requirements of refugees and IDPs around the entire world in 2021.