Monday, July 10, 2006

UAE items that caught our eye

$5.5b due as Zakat this year from the 59,000 millionaires in our country: "Abdullah bin Aqidah Al Muhairi, Secretary-General of the Zakat Fund, . . . pointed out that some members of the Zakat Fund had personally contacted a number of businessmen to urge them amicably to pay the Zakat, stressing that the move did not take an official form, 'but was meant to familiarise these people with the importance of performing this religious obligation to purify and safeguard their wealth via Zakat,' he disclosed."

Govt plans to use Emirates Post to ensure firms pay workers on time - "The construction sector in the country has 916,000 workers who represent 40 per cent of the total workforce."

Price of Oil Tracked by Soaring Heights of Dubai's Skyscrapers - Mohamed Kamal, an analyst at Dubai-based Shuaa Capital, said that the United Arab Emirates had announced $312 billion of projects since 2004, with more than 100 towers planned or under construction in Dubai alone. Saudi Arabia has announced about $250 billion of projects in the same period, and Kuwait, Qatar, Bahrain and Oman are catching up.

The Ministry of Labour is considering giving preferential treatment to companies that pay their workers through Emirates Post.

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Blogger 3lo G said...

do you think the zakat thing was in good economic practice?

Personally ---> No

2:23 AM  
Anonymous Sarah said...

Zakat is the fourth pillar of Islam, a pillar in Islam, means that you can NOT be a Muslim without performing it. there are only FIVE PILLARS in Islam which define you as a muslim, testifying that Allah is the one and only God and that Mohammed is his messenger, performing the 5 prayers a day, paying the Zakat and going to Mecca to perform Hajj once in a lifetime. Zakat is the 4th pillar. not to mean it comes in 4th place, it's like the corners you have at home that supports the structure, is one more important than another???
Why is it you say Zakat is not good thing, as you put it, does is not oblige those of certain wealth to share with those certain underprivelage? islam aims to achieve a certain balance of in and outflow of money and other assets among the society and community as whole through the practice of Zakat, which by the way is, and should be made obligatory in all states and should be collected and those who refrain should be penalized. If by any chance you are one of those who idealistically believe that in a world we can live were poor and rich divisions should fail to exist, i shall remind you that there will always be the rich, the so-so, and the poor. Islam is far from being naive in this regard and thus probes muslims to take a more realistic view and fosters charitable feelings in everyone. the rich contribute with their money the poor with their prayers, and prosperous peace shall live among such a community.

10:47 AM  
Blogger Faisal Bashir said...

Muslims are taught that charity means Muslims aiding Muslims, for the purpose of fortifying and extending the ummah until all the world is Islam’s domain. “Of their wealth, take alms,” instructs Allah in the Koran (9:103), “that so thou mightest purify and sanctify them.” Thus, zakat may be given only to Muslims.

zakat calculator

1:05 PM  

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