Photo: A Syrian refugee family receiving cash assistance in Lebanon. Photo supplied by UNHCR

Islamic Finance

UN refugee agency revises up $26 mln zakat fund target by 70 pct after donations beat expectations


The UNHCR’s Refugee Zakat Fund beat its $26 million target for 2019, raising $38.15 million from contributions in the first half of the year.

The funds raised from January through June assisted 648,476 internally displaced persons and refugees, the UN Refugee Agency said in a statement on Wednesday.

It is now revising up its 2019 target by 69.2 per cent to $44 million, representing a 271.8 per cent increase from $11.87 million its zakat programme raised in 2018. UNHCR expects the funds to help over 1 million beneficiaries.

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tags:

Humanitarian
Islamic social finance
Refugee
Zakat