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Global Islamic Refugee Fund Launched with Initial Capital of $100 Million

The Global Islamic Refugee Fund (GARF) is launched on the sidelines of the 77th UN General Assembly’s in New York. (SPA)
The Global Islamic Refugee Fund (GARF) is launched on the sidelines of the 77th UN General Assembly’s in New York. (SPA)
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Global Islamic Refugee Fund Launched with Initial Capital of $100 Million

The Global Islamic Refugee Fund (GARF) is launched on the sidelines of the 77th UN General Assembly’s in New York. (SPA)
The Global Islamic Refugee Fund (GARF) is launched on the sidelines of the 77th UN General Assembly’s in New York. (SPA)

Advisor at the Saudi Royal Court and Supervisor General of King Salman Humanitarian Aid and Relief Center (KSrelief), Dr. Abdullah Al Rabeeah took part on Saturday in the launch of the Global Islamic Refugee Fund (GARF) on the sidelines of the 77th UN General Assembly’s in New York, reported the Saudi Press Agency.

The fund was launched with the support of the UN High Commissioner for Refugees (UNHCR) and the Islamic Solidarity Fund for Development of the Islamic Development Bank with an initial capital of $100 million,

Delivering a speech at the inauguration ceremony, Dr. Al Rabeeah hailed the partnership between the UNHCR and the Islamic Development Bank to help millions of people around the world, who have been forcibly displaced from their homes, through which they have provided effective and continuous support to refugees, displaced persons, and host communities.

“Amid increasing numbers of crises around the world, the OIC region contains the largest number of refugees in the world, and we all realize and bear the responsibility that we have to provide everything that refugees and displaced people need to live a safe, healthy and decent life,” he added.

He stressed that GARF will help achieve this humanitarian goal, and, given the significant economic challenges the world is facing, and the limited donor base, there is no better time than now to introduce innovative ways to increase funding modalities.

However, he said the success of this fund depends on the participation of accredited partners and project-based financing with a clear and transparent monitoring process.

GARF complies with the principles of Islamic Sharia. The fund consists of an endowment account and a non-endowment account, to receive and invest donations according to Islamic finance. Proceeds are deposited in a trust account to finance programs responding to the needs of refugees, displaced persons, and their host communities in the member countries of the Islamic Development Bank.

The Islamic Solidarity Fund for Development contributed $50 million to the endowment account, and the UNHCR contributed $50 million to the non-endowment account, as initial capital for launching this initiative. The fund also seeks to mobilize additional capital with a minimum target of $400 million by opening the door for donations.

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Gulf

Saudi Arabia 'Disappointed in UAE for Pressuring STC' in Yemen, Says Kingdom's Security a 'Red Line'

A general view of Riyadh, Saudi Arabia. (SPA)
A general view of Riyadh, Saudi Arabia. (SPA)
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Saudi Arabia 'Disappointed in UAE for Pressuring STC' in Yemen, Says Kingdom's Security a 'Red Line'

A general view of Riyadh, Saudi Arabia. (SPA)
A general view of Riyadh, Saudi Arabia. (SPA)

Saudi Arabia expressed on Tuesday its disappointment in the United Arab Emirates for pressuring the Southern Transitional Council to carry out military operations on the Kingdom's southern borders in Yemen's Hadhramaut and Al-Mahra governorates, which it deemed a threat to its national security and the security and stability of Yemen and the region.

A Saudi Foreign Ministry statement said: "The steps taken by the UAE are considered highly dangerous, inconsistent with the principles upon which the Coalition to Restore Legitimacy in Yemen was established, and do not serve the coalition's purpose of achieving security and stability for Yemen."

"The Kingdom stresses that any threat to its national security is a red line, and the Kingdom will not hesitate to take all necessary steps and measures to confront and neutralize any such threat," it declared.

It underscored "its commitment to the security, stability, and sovereignty of Yemen, and affirms its full support to the President of the Presidential Leadership Council and the Yemeni government."

"The Kingdom reaffirms that the Southern cause is a just cause that has historical and social dimensions, and that the only path to resolve it is through dialogue within a comprehensive political solution in Yemen, and among all Yemeni parties including the Southern Transitional Council."

"The Kingdom stresses the importance that the brotherly UAE accept Yemen's request for all its forces to leave Yemen within 24 hours, and halt any military or financial support to any party within Yemen."

"With this regard, the Kingdom hopes that wisdom, the principles of brotherhood, good neighborliness, strong ties among countries of the Gulf Cooperation Council, and the interest of brotherly Yemen, will prevail," it said.

"The Kingdom also hopes that the brotherly UAE will take the necessary steps to preserve bilateral relations between the two brotherly countries, which the Kingdom is keen on strengthening, and continue joint efforts towards all that leads to the wellbeing, prosperity and stability of countries in the region."

Gulf

Arab Coalition Carries out 'Limited' Airstrike on Military Shipment at Yemen's Mukalla Port

A screengrab shows of the airstrike on Al-Mukalla port. (Arab coalition)
A screengrab shows of the airstrike on Al-Mukalla port. (Arab coalition)
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Arab Coalition Carries out 'Limited' Airstrike on Military Shipment at Yemen's Mukalla Port

A screengrab shows of the airstrike on Al-Mukalla port. (Arab coalition)
A screengrab shows of the airstrike on Al-Mukalla port. (Arab coalition)

The Joint Forces Command of the Arab coalition to support legitimacy in Yemen announced that it had carried out a "limited" airstrike targeting a military shipment that had arrived in Yemen's Al-Mukalla port.

In a statement, coalition spokesman Major General Turki al-Malki said the forces detected on Saturday and Sunday the arrival of two vessels from the Port of Fujairah to Mukalla without obtaining any permits from the Joint Forces Command.

"The crew had disabled the tracking devices aboard the vessels, and unloaded a large amount of weapons and combat vehicles in support of the Southern Transitional Council’s forces in Hadhramaut and Al-Mahra governorates in eastern Yemen," it added.

It described the actions as "flagrant violations" of peace efforts and United Nations Security Council resolution 2216.

In response to a request of the president of the Presidential Leadership Council in Yemen that the coalition "take all necessary military measures to safeguard civilians in Hadhramaut and Mahra and considering that the aforementioned weapons are an imminent threat, and an escalation that threatens peace and stability," the Coalition Air Force conducted on Tuesday a limited airstrike targeting the weapons and military vehicles offloaded in Mukalla.

"The airstrike took place following close surveillance and documentation of the cargo, and was conducted in accordance with the Customary International Humanitarian Law, and in a manner that guarantees no collateral damage."

"The Joint Forces Command of the Coalition will continue its de-escalation and pacification in Hadhramaut and Mahra, and will maintain its blocking of any and all military support from whichever country that does so without coordinating with the legitimate Yemeni Government and the coalition, in order to ensure the success of Saudi Arabia and coalition’s efforts to achieve security and stability, and prevent further expansion of the conflict."

Gulf

Crown Prince of Kuwait Meets with GCC Secretary-General

Secretary General of the Gulf Cooperation Council Jasem Mohamed Albudaiwi. GCC
Secretary General of the Gulf Cooperation Council Jasem Mohamed Albudaiwi. GCC
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Crown Prince of Kuwait Meets with GCC Secretary-General

Secretary General of the Gulf Cooperation Council Jasem Mohamed Albudaiwi. GCC
Secretary General of the Gulf Cooperation Council Jasem Mohamed Albudaiwi. GCC

Kuwaiti Crown Prince Sheikh Sabah Khaled Al-Hamad Al-Sabah met with Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi on Monday at the Bayan Palace in Kuwait.

Albudaiwi presented a comprehensive report to Sheikh Sabah regarding Kuwait’s presidency of the 45th session of the GCC Supreme Council, and expressed his appreciation for the generous support and steadfast commitment Kuwait provides to the GCC's journey, SPA reported.

He underscored that such support serves as a powerful catalyst for continued efforts toward achieving greater integration and cooperation, ultimately fostering prosperity and well-being for the GCC member states and their peoples.