Latest news with #MohdKhaidzir
Malay Mail
23-04-2025
- Business
- Malay Mail
Selangor Zakat Board sees highest-ever RM1.22b collection, majority aid for poor
SHAH ALAM, April 23 — Lembaga Zakat Selangor (LZS) has recorded its highest zakat (tithe) collection to date, reaching RM1.22 billion in 2024, as the agency ramps up support for low-income households and vulnerable communities in the state. Its chief executive officer Mohd Khaidzir Shahari said RM1.19 billion of the total was distributed to more than 370,000 asnaf, or eligible recipients, marking a three per cent increase from RM1.15 billion in aid disbursed the previous year. 'The largest share of the aid, RM707 million or 60 per cent, was allocated to the fakir (extremely poor) and miskin (poor) categories, underscoring the agency's continued commitment to supporting the most vulnerable groups in Selangor,' he said. He added that this amount in aid reached more than 77,800 needy families, a 19 per cent increase from 2023. Mohd Khaidzir shared the figures at a press conference on the state's zakat collection and distribution performance held at Menara Zakat Sultan Idris Shah, alongside LZS chairman Tan Sri Syed Anwar Jamalullail. The record-breaking figure reflects growing public confidence in the agency and a greater shift toward consistent zakat contributions through formal channels. He noted that zakat on income remained the most significant contributor by category, generating RM712 million or 58 per cent of total collections. This was followed by business zakat (RM199 million), savings zakat (RM130 million), zakat on wealth (RM70 million) and fitrah zakat (RM41 million). Salary deductions continued to be the most widely used payment method, bringing in RM546 million or 45 per cent of total funds, he said. Direct debit showed the fastest growth, increasing by 60 per cent to RM1.4 million, indicating a rising preference for automated, user-friendly payment systems, he added. He explained that LZS has also disbursed RM780 million for social development programmes, including monthly financial assistance, rental subsidies, housing construction and repairs, as well as critical medical support such as dialysis treatment. Recognising the long-term impact of education, the agency also channelled RM194 million into its education development programmes, a 13 per cent rise from 2023, Mohd Khaidzir said. The funding supported a growing number of second-generation asnaf students entering higher education and undergoing Technical and Vocational Education and Training (TVET) programmes, he added. Looking ahead, he said LZS has set a zakat collection target of RM1.328 billion for 2025 and aims to reach RM2 billion by 2030. During the same event, LZS launched the second edition of its 2024 Sustainability Report, themed Empowering Lives. The report follows the Global Reporting Initiative framework and aligns with the United Nations Sustainable Development Goals (SDG) 2030. Mohd Khaidzir said the report reflects LZS's ongoing commitment to embedding sustainability values across its operations, including initiatives in renewable energy usage, sustainable procurement, food security and long-term income generation for the asnaf community. — Bernama
The Sun
23-04-2025
- Business
- The Sun
5,081 asnaf families in Selangor rise out of poverty last year
SHAH ALAM: A total of 5,081 asnaf families in Selangor successfully rose out of poverty last year -- the highest achievement recorded to date -- through well-planned development programmes implemented by the Selangor Zakat Board (LZS). LZS chief executive officer Mohd Khaidzir Shahari said the success was driven by four key initiatives, namely business capital assistance amounting to RM2.98 million, entrepreneurship support (RM11 million), career incentives (RM8.73 million) and the Dermasiswa Pendidikan scheme (RM48.68 million). 'This transformation among the asnaf group is the result of strategic investments, enabling them to become economically active and self-reliant contributors to society. This supports LZS's mission to build an independent and competitive asnaf community,' he said. He was speaking at a press conference on zakat collection and distribution performance held at Menara Zakat Sultan Idris Shah in Section 14 here today, with LZS chairman Tan Sri Syed Anwar Jamalullail also present. In a related development, Mohd Khaidzir said that LZS is strengthening its strategic response this year to address the growing challenge of urban poverty, with the number of asnaf households projected to exceed 157,000 by 2030. A key priority, he said, is enhancing LZS' existing digital platform to ensure continuous accessibility, allowing for real-time information verification and personalised aid recommendations tailored to individual needs. Efforts are also being intensified to empower the asnaf community through more comprehensive support in entrepreneurship, job opportunities and development assistance, paving clearer pathways toward long-term financial stability and independence. Mohd Khaidzir added that these initiatives are further supported by the expansion of the Assistant Amil Kariah network, which now includes collaborations with schools and non-governmental organisations to strengthen grassroots outreach and ensure no eligible recipients are overlooked. 'To enhance the accuracy and reach of zakat distribution, LZS will expand cross-agency collaboration and leverage advanced technologies such as artificial intelligence and the e-Know Your Customer (eKYC) system,' he said.
Barnama
23-04-2025
- Business
- Barnama
LZS Hits Record RM1.22 Bln Collection In 2024
SHAH ALAM, April 23 (Bernama) -- Lembaga Zakat Selangor (LZS) has recorded its highest zakat (tithe) collection to date, reaching RM1.22 billion in 2024, as the agency ramps up support for low-income households and vulnerable communities in the state. Its chief executive officer Mohd Khaidzir Shahari said RM1.19 billion of the total was distributed to more than 370,000 asnaf, or eligible recipients, marking a three per cent increase from RM1.15 billion in aid disbursed the previous year. 'The largest share of the aid, RM707 million or 60 per cent, was allocated to the fakir (extremely poor) and miskin (poor) categories, underscoring the agency's continued commitment to supporting the most vulnerable groups in Selangor,' he said. He added that this amount in aid reached more than 77,800 needy families, a 19 per cent increase from 2023. Mohd Khaidzir shared the figures at a press conference on the state's zakat collection and distribution performance held at Menara Zakat Sultan Idris Shah, alongside LZS chairman Tan Sri Syed Anwar Jamalullail. The record-breaking figure reflects growing public confidence in the agency and a greater shift toward consistent zakat contributions through formal channels. He noted that zakat on income remained the most significant contributor by category, generating RM712 million or 58 per cent of total collections. This was followed by business zakat (RM199 million), savings zakat (RM130 million), zakat on wealth (RM70 million) and fitrah zakat (RM41 million). Salary deductions continued to be the most widely used payment method, bringing in RM546 million or 45 per cent of total funds, he said. Direct debit showed the fastest growth, increasing by 60 per cent to RM1.4 million, indicating a rising preference for automated, user-friendly payment systems, he added.
Barnama
23-04-2025
- Business
- Barnama
5,081 Asnaf Families In Selangor Rise Out Of Poverty Last Year
SHAH ALAM, April 23 (Bernama) -- A total of 5,081 asnaf families in Selangor successfully rose out of poverty last year -- the highest achievement recorded to date -- through well-planned development programmes implemented by the Selangor Zakat Board (LZS). LZS chief executive officer Mohd Khaidzir Shahari said the success was driven by four key initiatives, namely business capital assistance amounting to RM2.98 million, entrepreneurship support (RM11 million), career incentives (RM8.73 million) and the Dermasiswa Pendidikan scheme (RM48.68 million). 'This transformation among the asnaf group is the result of strategic investments, enabling them to become economically active and self-reliant contributors to society. This supports LZS's mission to build an independent and competitive asnaf community,' he said. He was speaking at a press conference on zakat collection and distribution performance held at Menara Zakat Sultan Idris Shah in Section 14 here today, with LZS chairman Tan Sri Syed Anwar Jamalullail also present. In a related development, Mohd Khaidzir said that LZS is strengthening its strategic response this year to address the growing challenge of urban poverty, with the number of asnaf households projected to exceed 157,000 by 2030. A key priority, he said, is enhancing LZS' existing digital platform to ensure continuous accessibility, allowing for real-time information verification and personalised aid recommendations tailored to individual needs. Efforts are also being intensified to empower the asnaf community through more comprehensive support in entrepreneurship, job opportunities and development assistance, paving clearer pathways toward long-term financial stability and independence. Mohd Khaidzir added that these initiatives are further supported by the expansion of the Assistant Amil Kariah network, which now includes collaborations with schools and non-governmental organisations to strengthen grassroots outreach and ensure no eligible recipients are overlooked. 'To enhance the accuracy and reach of zakat distribution, LZS will expand cross-agency collaboration and leverage advanced technologies such as artificial intelligence and the e-Know Your Customer (eKYC) system,' he said.
