Morning Briefing

"Every year, somewhere between $200 billion and $1 trillion are spent in 'mandatory' alms [zakat] and voluntary charity [sadaqa] across the Muslim world, Islamic financial analysts estimate," IRIN reports, noting, "At the low end of the estimate, this is 15 times more than global humanitarian aid contributions in 2011." The news service writes, "With aid from traditional Western donors decreasing in the wake of a global recession, and with about a quarter of the Muslim world living on less than $1.25 a day, this represents a huge pool of potential in the world of aid funding."