Workshop on waqf management begins in Dhaka tomorrow

A two-day international workshop on waqf management begins in Dhaka tomorrow.

Islamic Research and Training Institute under the Islamic Development Bank, Islami Bank Bangladesh and the Centre for Zakat Management will organise the event at Sonargaon Hotel in the city.

Islami Bank Chairman Arastoo Khan announced the event at a press meet at the bank's headquarters in Dhaka yesterday.

Waqf is a sustainable, ongoing charitable endowment widely used throughout Islamic history to develop and support communities.

The workshop on the revival of waqf for socio-economic development will review the rules and regulations of waqf management in different countries.

President Abdul Hamid is scheduled to inaugurate the event, according to a statement.

Bangladesh Bank Governor Fazle Kabir will also attend the workshop along with representatives from Bangladesh, Brunei, Indonesia, Japan, Saudi Arabia, Malaysia, New Zealand, Nigeria, Thailand, UK and the US.

Waqf is a financial instrument which can play a vital role in developing the country's socio-economy, Khan said.

There are many rich people in the country who want to donate for waqf and banks can play an important role in managing such funds, he said.

Total 29,341 accountholders of Islami Bank has so far deposited Tk 104 crore under its waqf product -- Cash Waqf, he said.