UNDP, CZM ink deal for financing SDGs

DHAKA The United Nations Development Programme

(UNDP) and the Centre for Zakat Management (CZM), signed a Memorandum of

Understanding (MoU) today for unlocking financing opportunities that would

help to achieve the 2030 Agenda for Sustainable Development Goals (SDGs).

The MoU was signed by Dr. Mohammad Ayub Miah, Chief Executive Officer, CZM

and Sudipto Mukerjee, Resident Representative, UNDP Bangladesh on behalf of

their respective Organisations, at the latter's office in Dhaka, an UNDP

press release said.

Under the agreement, both the parties will work on exploring different

financing tools with a focus on Zakat, best utilization of the Zakat fund

that is aligned with the SDGs and evaluate the effectiveness, measure

efficiency and impact of Zakat-based development programs. Dialogues will be

arranged to identify different instruments and to enhance understanding on

SDGs for Zakat fund.

Signing the MoU, Sudipto Mukerjee said, UNDP is happy to partner with CZM

and maximize developmental returns from Zakat. Conceptually, unlike CSR,

where there is an expectation for visibility, Zakat is completely

unconditional. I believe, coming together we can achieve more.

Dr. Mohammad Ayub Miah, in his remarks said, Zakat strongly aligns with a

number of goals in the global 2030 agenda. CZM is looking forward to working

with UNDP and thus further enhancing credibility in mobilizing and disbursing

Zakat Funds.

Among others, Niaz Rahim, chairman, Arastoo Khan, treasurer, Munir Ibn

Hafiz from CZM were present, while from UNDP, Sonia Mehzabeen, operations

manager, Rezwana Hoque Chaity, programme support manager, Md. Mozammel Haque,

policy specialist, Md Shariful Hoque, project coordinator, SFLP and Md Abdul

Quayyum, head of communications were also present.

Source: Bangladesh Sangbad Sangstha (BSS)