Launch of IndiaZakat.com, a unique platform to connect Zakat givers and seekers.

Amid Lockdown AMP Launches Crowdfunding Platform to Connect Zakat Donors to Zakat Seekers

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Mumbai, 24th April Amid the Covid – 19 crisis, Association of Muslim Professionals (AMP), Mumbai based NGO, launchedIndiaZakat.com, a unique Crowdfunding Platform to connect Zakat givers with Zakat collectors across India.

With most Muslims giving Zakat in Ramzan, and with the lockdown due to the current Covid-19 crisis, IndiaZakat is a perfect platform that ensures that Zakat would reach the deserving as per the requirements of the Zakat giver, while maintaining the norms of social distancing. IndiaZakat has drawn inspiration from similar centralized Zakat collection and disbursement platforms as well as crowdfunding platforms across the world.

Zakat is one of the pillars of Islam. Every Muslim who has wealth above a particular level for a year is expected to compulsorily donate 2.5% of his wealth to the poorer sections of society. Most of the people pay zakat during the month of Ramzan, but they do so on an individual basis.  Such unorganized disbursement has not resulted in any sustainable solution to economic backwardness of Muslim community. The community lags behind in all socio-economic parameters in India despite having the best poverty alleviation tool.

According to a survey done by AMP in 2019 among nearly 4,600 individuals across nearly 200 cities in India, it was found thatmore than 60% of the people donate to same set of individuals every year. There is no specific focus on the donation. Interestingly, a vast majority of respondents also believes that there should be collective donation, and that collective zakat has the potential to transform lives.

Reference: (www.ampindia.org/National_Zakat_Survey_Report)

Zakat is a mandatory charity which Muslims are obliged to pay on their wealth every year @ 2.50%. Most of the people pay zakat during the month of Ramzan, but they do so on an individual basis.

Therefore, Association of Muslim Professionals (AMP), has taken an initiative for consolidating zakat collection and disbursement through online system by leveraging digital technology. It launched a zakat crowdfunding platform, first of its kind in India, in the name of IndiaZakat.com at the onset of holy month of Ramzan on 24th April 2020. The main objective of this initiative is to transform today’s zakat seeker into tomorrow’s zakat giver.

Association of Muslim Professionals (AMP) is a Platform for all Muslim professionals and volunteers to share their knowledge, intellect, experience and skills for the overall development of not just the Muslim Community but also the society at large, and further empowering Muslims in educational, social and economic front of life. AMP is registered under the Societies Registration Act 1860 of India (Reg. No. 2011 G. B. B. S. D 3001) and is one such institution which strives to empower Muslim Community through its various activities of educational and economic empowerment.

For further details, please contact:

The AMP Mumbai Team
116/ B.R.B. Chandorkar Marg
Beside MTNL Exchange
Near Agripada Police Station
Mumbai Central, Mumbai 400011
Phone: 8291101312

Email id: info@indiazakat.com

Regards,

Team IndiaZakat.com

Summary
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Launch of IndiaZakat.com, a unique platform to connect Zakat givers and seekers.
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Amid Lockdown AMP Launches Crowdfunding Platform to Connect Zakat Donors to Zakat Seekers
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THE POLICY TIMES
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