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His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, has issued directives for the formation of a Board of Trustees for the “1 Billion Meals Endowment” initiative, which falls beneath the umbrella of Mohammed bin Rashid Al Maktoum International Initiatives.
The transfer goals to make sure managing and investing property of the most important meals assist endowment challenge, as properly attaining highest recurring returns and making a sustainable supply of giving.
His Highness Sheikh Mohammed bin Rashid stated, “Making a Board of Trustees for the ‘1 Billion Meals Endowment’ is a key step in the direction of realising the endowment’s strategic targets, thereby reaching the most important potential section of underprivileged people and offering a meals security web for tens of tens of millions of individuals around the globe.
“The Board of Trustees can be tasked with rising and investing the endowed capital, creating plans to make sure a return on funding and knowledgeable spending in the direction of sustainable meals assist websites. The intention is to maintain the impression of this initiative for years to come back, and to create a greater future via ongoing initiatives,” he added.
Mohammed bin Rashid Al Maktoum International Initiatives collaborated with a specialised company to organize a complete governance framework that ensures sustainability of the endowment.
Launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum to coincide with the holy month of Ramadan, the “1 Billion Meals Endowment” initiative goals to mobilise native, regional and worldwide efforts to implement sustainable programmes to struggle and eradicate starvation inside an institutional framework.
The Board of Trustees can be chaired by Mohammad bin Abdullah Al Gergawi, Secretary-Basic of Mohammed bin Rashid Al Maktoum International Initiatives, and can comprise eight members: Hesham Abdullah Al Qassim, Vice Chairman and Managing Director of Emirates NBD and Chairman of Emirates Islamic Financial institution; Dr. Ahmad bin Abdulaziz Al Haddad, Grand Mufti and Director of the Ifta Division of the Islamic Affairs and Charitable Actions Division in Dubai; Fadel Al Ali, Chairman of Dubai Monetary Companies Authority; Saeed AlEter Al Dhanhani, Assistant Secretary-Basic of Mohammed bin Rashid Al Maktoum International Initiatives; Ali Al Mutawa, Secretary-Basic of Dubai’s Endowments and Minors’ Belief Basis; Dr. Mohammed Suhail Al Muhairi, CEO and Managing Director of Dar Al Ber Society; Ali Al Obaidli, Division Director, Engineering Workplace, Personal Workplace of His Highness Sheikh Mohammed bin Rashid Al Maktoum; and Dr. Abdulrahman Al Sharif, Managing Director at Al Sharif Advocates and Authorized Consultants.
The “1 Billion Meals Endowment” Board of Trustees can be answerable for rising and investing the endowed capital in a approach that ensures its sustainability, expands the scope of charity and extends its attain. It can endeavor to attain the best recurring return on investments of the endowment’s property by specializing in possible sectors according to financial development via a Sharia-compliant up to date Islamic method.
The Board will create a contemporary funding technique to make sure highest potential returns and can oversee and assessment funding insurance policies to make sure compliance with permitted processes. It can even be answerable for analysing money necessities and money circulation.
Moreover, the Board of Trustees will look at and analyse funding dangers to minimise publicity, by analyzing the feasibility of potential investments and choosing high-return diversified investments, whereas guaranteeing compatibility with related laws.
The Board of Trustees will work intently with related authorities, non-public sector, worldwide organisations and charities working to struggle starvation around the globe. It is going to be answerable for the institution of sustainable meals assist websites, in addition to implementing feeding programmes in underprivileged communities around the globe, primarily based on information collected from related organisations.
The Board will create processes and formulate laws in accordance with worldwide finest practices, opening the door for the contribution of people, establishments, companies, businessmen and influential philanthropists to be able to maximise contributions.
The Board of Trustees might kind specialised committees as wanted to help its work and improve the endowment’s impression and wider attain.
The “1 Billion Meals Endowment” marketing campaign helps promote and revive the tradition of endowment, a longtime Arab custom, as an funding for future generations and a device for sustainable growth, contributing to the worldwide efforts to struggle starvation according to Sustainable Improvement Targets, in addition to contributing to different humanitarian and charity tasks as permitted by the Board of Trustees to increase the attain of humanitarian efforts to incorporate extra underprivileged teams.
Representing an ongoing charity and permitting all members of the neighborhood to be a part of its efforts, the endowment challenge is a sensible instance of the values of compassion, giving and solidarity lengthy held within the UAE neighborhood.
Organised by Mohammed bin Rashid Al Maktoum International Initiatives, “1 Billion Meals Endowment Marketing campaign” is a sustainable method that enhances the UAE’s humanitarian assist prolonged to underprivileged populations fighting starvation and malnutrition.
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