Islamic Philanthropy Supports Refugees with $27.5Mln

Islamic Philanthropy Supports Refugees with $27.5Mln
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Islamic Philanthropy Supports Refugees with $27.5Mln

Islamic Philanthropy Supports Refugees with $27.5Mln

The Refugee Zakat Fund impacted 584,586 beneficiaries in the first six months of 2021, with total contributions of over $27.5 million, 70% of which came from Zakat donations, a UNHCR report has shown.

In partnership with the Muslim World League (MWL), the United Nations Refugee Agency launched on Thursday its mid-year report on Islamic Philanthropy.

The report underlines the impact of Zakat and Sadaqah donations raised on the refugees and forcibly displaced people in 12 countries including Yemen, Syria, Lebanon, Jordan, Iraq, Egypt, Mauritania, Nigeria, Bangladesh, India, Pakistan, and Malaysia.

UNHCR’s mid-year Islamic Philanthropy report was released in its new digital and interactive format at a panel discussion organized at the MWL’s at its Expo2020 Dubai pavilion, attended by representatives of humanitarian and international organizations and media.

It emphasized the Islamic philanthropy partnerships as a key enabler of sustainable impact on the lives of vulnerable displaced communities, citing the longstanding collaboration with the MWL.

It pointed to the MWL’s Islamic Fiqh Council’s issuance of a new fatwa that adds to the Refugee Zakat Fund’s record of more than 10 fatwas by credible scholars and institutions.

In addition, MWL has generously contributed to support refugee and internally displaced children in Africa, in particular their recent contribution to support UNHCR’s psychosocial support for the most vulnerable children in North-east Nigeria, which is expected to help 3,699 internally displaced children by the end of 2021, the report stated.

UNHCR’s Representative to the Gulf Cooperation Council states Khaled Khalifa underscored the importance of expanding strategic partnerships with organizations and bodies involved in Islamic Philanthropy to support international humanitarian efforts.

Khalifa, also a senior advisor for Islamic Philanthropy, said Islamic Philanthropy plays a pivotal role in responding to the growing humanitarian needs, through its key tools such as Zakat, Sadaqah and Waqf, to achieve shared humanitarian goals and explore further means to support forcibly displaced people globally.

This comes in light of the uninterrupted increase of forced displacement records in recent years and the protracted crises caused by wars, violence and persecution, he added.



Saudi Arabia Concludes Third IMFC Deputies Meeting

The Kingdom's chairmanship of the IMFC is a testament to its strong commitment to promoting multilateralism and reflects its leading role in supporting regional and global economic growth. - SPA
The Kingdom's chairmanship of the IMFC is a testament to its strong commitment to promoting multilateralism and reflects its leading role in supporting regional and global economic growth. - SPA
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Saudi Arabia Concludes Third IMFC Deputies Meeting

The Kingdom's chairmanship of the IMFC is a testament to its strong commitment to promoting multilateralism and reflects its leading role in supporting regional and global economic growth. - SPA
The Kingdom's chairmanship of the IMFC is a testament to its strong commitment to promoting multilateralism and reflects its leading role in supporting regional and global economic growth. - SPA

The Kingdom of Saudi Arabia concluded the third deputies meeting for the International Monetary Fund's (IMF) International Monetary and Financial Committee (IMFC), which was held under the Saudi chairmanship in Diriyah on April 6-7, and co-organized by the Ministry of Finance and the IMF.
During his opening speech, Minister of Finance Mohammed Aljadaan praised the efforts of the IMF's leadership and the members of the IMFC in guiding the IMF during challenging times. He also emphasized the importance of collaboration to ensure global financial stability and strong, inclusive economic growth. "The IMF has shown resilience by adapting to the ever-changing global landscape," Minister Aljadaan said.
In her opening speech, Managing Director of the International Monetary Fund Dr. Kristalina Georgieva expressed her gratitude for Saudi Arabia's ongoing and robust support for the IMF and the strong leadership of the IMFC, SPA reported.
"Amid significant global policy changes, the IMF's mission to foster macroeconomic and financial stability remains just as essential as it was 80 years ago. Our 191 member countries can rely on the IMF as a trusted advisor," she said.
The IMFC deputies discussed several topics during the high-level discussion sessions, including ways to enhance global financial stability and inclusive development. They addressed the challenges facing the global economy due to uncertainty in trade flows and its impact on capital in both advanced and developing economies. Emphasis was placed on the effect of high debt levels on investments in infrastructure and jobs and the opportunities and risks arising from technological and demographic shifts.
Additionally, they discussed the IMF's role in supporting countries through financial stability programs and coordinating regional financial arrangements.