
Zakat Authority Office in the Capital Sana'a launches Zakat awareness campaign in al-Sabeen district
The General Authority of Zakat Office in the Capital Sana'a has launched a Zakat awareness campaign in the As-Sab'een District as part of ongoing efforts to raise awareness of the importance of Zakat and its role in achieving social solidarity.
The campaign coincides with the charity projects implemented by the General Authority of Zakat, which aim to educate merchants and shop owners about the importance of Zakat and the necessity of adhering to it. They also aim to develop guidelines that simplify the concepts of this obligation and clarify its legal disbursements.
During the launch, Mohammed al-Olofi, Director of the General Authority of Zakat Office in the Capital Sana'a, explained that the campaign targets shops in various districts of the Capital Sana'a, where field visits will be conducted to distribute awareness materials and provide the necessary guidance.
He pointed out the importance of this Zakat awareness campaign during the holy month of Ramadan, which is a golden opportunity to reinforce values and consolidate the meaning of this religious obligation.
Al-Olofi called on all merchants and businessmen to take the initiative to pay their Zakat, emphasizing that they are essential partners in delivering Zakat to those who are entitled to it, the poor and needy, according to the eight categories specified by Islamic law.
Whatsapp Telegram Email Print
more of (Local)
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Saba Yemen
2 days ago
- Saba Yemen
Tender envelopes opened for Solar Power Station of Al-Bayda City Water Project
Sana'a – Saba: The Social Fund for Development (SFD) – Main Headquarters in Sana'a, today witnessed the opening of tender envelopes for the solar power station project for the Al-Bayda City Water Project, with a cost of $1.4 million, funded by the Dutch government and implemented by the Fund. The event was attended by Al-Bayda Governor and Chairman of the Local Water and Sanitation Corporation, Abdullah Idris; Deputy Governor Nasser Al-Aji; Water Projects Officer at the SFD in Sana'a, Ahmed Ghamdan; and the General Director of the Local Water and Sanitation Corporation, Abdulghani Al-Mukhtar. Governor Idris emphasized the importance of implementing the project to provide drinking water for citizens and alleviate their suffering amid the current difficult conditions in the country. He also expressed the local authority's readiness to overcome any obstacles to ensure the project's execution and improve water services for the residents of Al-Bayda city. For his part, Al-Mukhtar stated that implementing the solar power station for the city's water project is among the top priority projects, given its significant role in reducing the burden on residents. He pointed out that the project will help lower the costs of water production through the use of solar energy. He also confirmed that a lithium battery will be integrated into the hybrid operating system alongside solar power, marking the first use of this technology to reduce fuel consumption at the water pumping station. Whatsapp Telegram Email Print more of (Local)


Saba Yemen
4 days ago
- Saba Yemen
Dhamar University Launches Electronic Collection Service
Dhamar (Saba) – Dhamar University launched its electronic collection service, linking it to the government's financial and accounting system (AFMIS), the university's Student Affairs and Resource Planning (ERP) system, and enabling tuition payment via the Mobile Money application. During the launch, University President Dr. Mohammed Al-Haifi emphasized the importance of automating all financial and administrative procedures, reflecting the general direction aimed at improving performance. Whatsapp Telegram Email Print


Saba Yemen
4 days ago
- Saba Yemen
Trump, Bond Market, and Uncertainty in US Economy
Sana'a – Saba: Treasury bonds pose a serious challenge to the US economy, given the increasing deficit ratios in the face of public debt, this can be clearly seen in the fluctuations in Treasury bond prices there. Uncertainty Here, we must ask what are the reasons behind the fluctuations in Treasury bond prices that the United States is experiencing? Journalist and economic analyst Rashid Al-Haddad told the Yemeni News Agency (Saba): The most important reasons behind the fluctuations in the US Treasury bond market are the loss of confidence of investors in US bonds in the stability of economic policies under US President Donald Trump. Trump has taken a number of economic measures, most notably the tariff war, which led to the collapse of US stock markets and also affected the bond market, due to its negative repercussions on US and global markets. This resulted in widespread trade disruptions and raised investor fears of a return to the Great Recession in America, especially since the effects of the tariffs were evident on American consumers, but, contrary to expectations, they did not have a positive impact on the performance of the US economy. In addition to Trump's move to lower interest rates to less than 5%, another factor is the anticipation of American and foreign investors, whether countries or companies. Approximately $11 trillion, representing one-third of the US public debt, is due to mature in the coming period, amid the uncertainty facing the US economy under Trump. Maturity Debt A report by the US Treasury Department showed that the national debt has exceeded $36.22 trillion, and that the government needs to refinance to repay $11 trillion in maturing debt, nearly a third of the total, over the next 12 months. Here's the question: How challenging is this given the volatility in bond markets and rising yields? Journalist Al-Haddad explains: "So far, indications indicate that the Trump administration is unable to repay, and the options available to address this are economically costly. The Trump administration may resort to repurchasing maturing bonds at higher interest rates or negotiating with bondholders." Banks Central banks' holdings of US Treasury bonds decreased by $17 billion last week, and by $48 billion since late March 2025. What are the reasons and implications behind this? Al-Haddad believes that "the decline in banks' holdings stems from concerns over rising political and financial risks, which reinforces the feeling that US bonds are no longer the safe haven for investment they were in years, and that risk levels have become high. Consequently, banks are turning to diversifying their sovereign investments or increasing their gold reserves as a safe haven." Auction The $16 billion auction of 20-year US Treasury bonds with a yield of 5% is experiencing weak demand, reflecting a reluctance by foreign investors to purchase US bonds. What could this mean if it continues? Rasheed says the Trump administration may resort to this, especially since the outstanding bonds are decades old, and most of them were sold to raise funds for US-led wars in Iraq and Afghanistan, for example. Currencies The decline in the value of the dollar index against a basket of major currencies and the rise in US debt to approximately $37 trillion are putting upward pressure on interest rates on US bonds. Al-Haddad says that the decline in demand for the dollar ahead of any interest rate cut indicates a loss of investor confidence in the dollar and a shift towards gold. This also confirms that the risks of the repercussions of the interest rate cut will also be significant for the dollar price. In addition, Saudi Arabia increased its holdings of US Treasury bonds to $2.2 billion in April 2025. Al-Haddad believes this percentage is small: Saudi Arabia has recently reduced its investment in US bonds, unlike in previous years, and even if Saudi Arabia's new investments in bonds are small compared to other countries. M.M Whatsapp Telegram Email Print more of (Reports)