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World Zakat fund to raise $750 million

30 September 2009


Malaysia’s World Zakat Fund is looking to raise $750 million from high-net-worth Muslims in its first year.

Malaysia’s World Zakat Fund is looking to raise $750 million from high-net-worth Muslims in its first year, Reuters reports. The first Islamic charity fund is due to launch in the first quarter of 2010 and will start investing within a year of launch....