Alliance Islamic Bank (AIS) becomes the first banking institution in the country to introduce productive distribution of zakat funds in the form of microfinancing to help eligible asnaf entrepreneurs obtain working capital.
Alliance Islamic Bank ( AIS ) has become the first banking institution in the country to introduce the concept of productive distribution of zakat funds in the form of microfinancing to help eligible asnaf entrepreneurs obtain working capital. AIS CEO, Rizal IL-Ehzan Fadil Azim, said eligible asnaf entrepreneurs will receive zakat funds in the form of financing.
The recipients of zakat financing will also be guided to build businesses that can generate sustainable income to support their livelihood. At the same time, the repayment of financing will be channeled back into the zakat fund and distributed to other asnaf
Alliance Islamic Bank AIS Zakat Funds Microfinancing Asnaf Entrepreneurs
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