Niaz Rahim, Chairman, Center for Zakat Management (CZM) received Islamic Economy Award in recognition of its initiatives and ideas pertaining to Waqf & Endowment category by Global Islamic Economic Summit where Sheikh Mohammed bin Rashid al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai in the second edition of the Global Islamic Economy Summit (GIES) handed over the award to him held recently in Dubai.
The Center for Zakat Management (CZM) is an initiative for institutionalizing Zakat management system aiming to alleviate poverty and upgrade standard of living of the impoverished communities. A pilot project initiative by CZM enabled 3% of Zakat receivers to turn into Zakat payers within three months. This success has paved the way for other initiatives to be undertaken in an organized and professional manner. Niaz Rahim made Zakat a the successful tool for poverty alleviation and spreading quality education among the disadvantaged Childs.
Niaz Rahim, the Group Director of Rahimafrooz (Bangladesh) Ltd. has made significant contribution in establishing a strong nationwide distribution network for Rahimafrooz and played a pioneering role in exporting automotive batteries from Bangladesh to various international markets and making renewable solar powered solutions commercially viable. A passionate visionary by nature, he successfully established the country’s first retail chain supermarket–Agora and continues to drive new business ventures, human resource development and strategic change management in Rahimafrooz Group.In addition to being a key personnel in steering the Group’s business future, Rahim is also the Managing Director of Rural Services Foundation-a Non-Profit social initiative of Rahimafrooz and the Center for Zakat Management (CZM).
It’s true that big economies have not learnt the lessons from the bad things happened in the past and as a consequence, we have witnessed another ‘Black Monday’ on 24 August 2015, which brewed in China, Abu Sayed Md. Shaykhul Islam ICMAB (The Institute of Cost and Management Accountants of Bangladesh) said to Business Times that under the changed global economic scenario, it is very important for us to know and understand our collective strength, weakness and success stories. He also said that a platform like this would sharpen the knowledge of professional accountants to discuss and find new ways of economic growth.
