Zakat funds and moratorium in the Maldives
On the 22nd April 2020, the Ministry of Islamic Affairs of the Republic of Maldives announced that MVR1 million (US$63,895.8) will be allocated from Zakat funds to be given to the needy and poor aff ected by COVID-19. According to the World Bank, the Maldives is a middle-income country with GDP per capita of US$10,331 (2018). The Ministry of Gender and Family will receive the MVR1 million to help those affected. Before this, about MVR3 million (US$191,687) was spent by the Ministry of Islamic Affairs for Maldivians stranded in other countries due to lockdowns.
Zakat funds , Needy and poor , Covid-19 , Moratorium , Maldives
Muneeza, A. (2020). Zakat funds and moratorium in the Maldives. Islamic Finance News, 17(17), p. 15.