OIC ISF council reviews details of 2017 draft budget

Jeddah—The proceedings of the 60th session of the Permanent Council of the Islamic Solidarity Fund of the OIC opened at the OIC General Secretariat in Jeddah on 14 March 2016.
The current session of the ISF Council reviewed a report on the activities held in implementation of the resolutions of the previous session, the financial status of the Fund, and the draft budget for the 2017 financial year. The session also discussed the present state of the ISF waqf and investment of the waqf capital. There was also be ratification of the report of the emergency committee, the Islamic universities in Uganda and Niger, and the American Islamic College in Chicago. Other issues are cooperation between the ISF and United Nations institutions and provision of assistance to some Islamic institutions to support their development projects.
In his opening address, the Secretary General of the OIC, Mr Iyad Ameen Madani, asserted that the ISF has proved its effectiveness through its achievements and the assistance it has lent to member states and to Muslims in other countries in the educational, cultural, health and social fields.
Madani stated that the ISF is one of the most important international Islamic charitable institutions, which works with available financial resources. Madani appealed for member states’ support for the Fund. He underscored the importance for a delegation of the Permanent Council to undertake a tour of countries supporting the Fund in order to appreciate their role and encourage them to continue. He also said that visits should be paid to states that have stopped their donations. He called for the holding of the meetings of the ISF Permanent Council in donor countries.
The Secretary General renewed the appeal of the General Secretariat for waqfs (endowments) to be designated in member states in favour of the Islamic Solidarity Fund, pursuant to the resolutions of Islamic conferences, the last of which was the 33rd session held in Azeri capital, Baku.
At the end of his address, Madani extended the gratitude and appreciation of the OIC to the Kingdom of Saudi Arabia and the State of the United Arab Emirates for their continuous generous donations in support of the ISF’s resources. He also expressed appreciation of the role of the states that had contributed to the ISF in the past.
For his part, the chairman of the ISF Permanent Council, Ambassador Nasir Ibn Abdullah Al-Za’aabi, reviewed the projects executed by the ISF since its establishment to date, which have totaled 2534 projects at the cost US$216 million, benefited by 183 countries from within and outside OIC member states and Muslim minorities all over the world covering the educational, health, social and youth sectors.
He disclosed that the number of projects the ISF supported totaled 51 at the cost of US$4, 530 million. He said that during the same period, the ISF providedUS$1 million to the Islamic University in Niger and another US$ 1 million to the Islamic University in Uganda. He revealed that the ISF presented emergency assistance to Syrian refugees in Lebanon and Rohingya refugees in Malaysia.
Ambassador Al- Za’aabi concluded with assurances that the requests received by the ISF are numerous and necessary, but that the resources are limited. He also called for concerted efforts at all levels to support the ISF and its waqf.—Email

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