'Only 2-3% Are Economically Well-Off'Syed Akbar - timesgroup.com
HYDERABAD: Less than 2% of Muslims in Hyderabad metropolitan area constitute an economically elite section with a net worth ranging between Rs 1 crore and Rs 100 crore. On the other hand, 63% of Muslims in the city fall below the poverty line (BPL) and survive mostly on government doles, meagre daily earnings and charity.A pre-Ramzan economic survey of Muslims reveals that only 2-3% of the minority community forms part of upper class with an annual income up to Rs 25 lakh and beyond, while 10 to 15% constitute middle class with an annual income ranging between Rs 2 lakh and Rs 5 lakh. About 20% of Muslims make up the lower class with Rs 1 lakh to Rs 2 lakh income per year.
An NGO, Helping Hand Foundation (HHF), conducted a sample survey of Muslim households to arrive at the occupational profile of Muslims in urban slums. It also covered the economic profiles of Muslims across Hyderabad as charity (Zakat, Fitra and Sadaqa, different forms of charity given during Ramzan) constitute the hallmark of the Muslim month of fasting.
"The aim to help donors make informed choices on their donations through Zakat and Sadaqa this Ramzan. We have also come up with a high-level socio-economic classification of Muslims in Hyderabad. We believe that such data on the socio-economic background of the principal minority community will be useful in making informed choices," HHF managing trustee Mujtaba Hasan Askari told TOI.
Askari said they had done in-depth analysis with the aid of market research professionals and come up with high-level socio-economic classification of the principal minority community. This is a broad socio-economic classification of Muslims in Hyderabad.
"We had to keep the big picture of the socio-economic classification vis-a-vis the overall minority population to validate our survey results," said Askari, adding that the analysis will help Muslims make informed choices on Zakat and Sadaqa as many do not have a perspective on the percentage of economic weaker sections.
Source : timesofindia.indiatimes.com
By : Syed Akbar | TNN
Updated : April 22, 2020, 09.03 IST
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