Researchers from the Accounting Research Institute (ARI) and the Institute of Zakat Research (IKAZ)met up today to discuss possible research collaboration in the area of Zakat and Waqaf. Ikaz was represented by its director, associate professor Dr Hasan Baharom, his deputy, associate professor Dr Halim and two researchers, Dr Afandi and Associate Professor Dr Noraini.
ARI on the other hand was represented by Professor Dr Normah Omar (ARI Director), Professor Dr Rashidah Abdul Rahman (Deputy Director), Dr Nawal Kassim, head of the Islamic Accounting and Muamalat research centre and Hj Ismail (ARI Senior fellow). The meeting agreed in principle to undertake several collaborative research projects related to Zakat and Waqaf. With the aim of obliterating poverty among the Muslim ummah, two projects, "Waqaf Investment as a tool to elevate institutionals' economic performance" and "Supply-Backed Islamic Microfinancing of Zakat's Asnaf recepients" will be carried out immediately in February 2012.