Abstract:

Zakat is third of the five pillars of faith in Islam, an instrument practiced in the Muslim world considered as part of wealth of man designated for the poor. Zakat is an obligatory requirement for Muslims to give, on idle & horded savings, wealth, assets, silver & gold every year at the rate of 25 %. It constitutes the most important product of Islamic civilization and a very effective mean of alleviating or at least reducing poverty, inequality, circulation of money in society and a step towards equal distribution of wealth helping the poor in attaining their basic needs. It facilitates rendering of social services such as health care, education, and employment generation which are important for human resource development. Moreover, it helps in establishing business and employment opportunities and promotes community services. In Islamic world, Zakat system is quite an instrumental process that comprises serving the society by making endowments for construction of educational institutions, projects of welfare such as water supply, and many others. The present study has focused on the aspects of Zakat for endowments in HRD in the light of definitions, interpretation and explanation of HRD; thus addressing a recent case of District Zakat Committee (DZC) Abbottabad District of Pakistan which successfully managed the deployment of zakat funds particularly by imparting scholarships to talented but poorest students for attaining technical education. This further helped them in securing reasonable jobs.

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