Zakat fee may be stifling investment projects in Sudan

Published June 27th, 2001 - 02:00 GMT

The Director General of the Industrial Production Department of Khartoum, Mustapha Mohamed Saleh, recently criticized the practice of collecting the Islamic tithe, Zakat, from Sudanese investment projects prior to their opening, reported Al-Rayaam daily.  

 

“Collecting Zakat fees from the new investment projects before they are executed interrupts the flow of foreign investments to Sudan,” Saleh stated. He added that several investors had decided not to take part in the establishment of investment projects in the country because of these fees.  

 

Consequently, the official demanded that authorities refrain from collecting these fees until at least one year following the beginning of the projects’ operations. –(MENA Report) 

© 2001 Mena Report (www.menareport.com)


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