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 underneath the umbrella of Mohammed bin Rashid Al Maktoum World Initiatives.
The transfer goals to make sure managing and investing belongings of the most important meals support endowment venture, as effectively reaching highest recurring returns and making a sustainable supply of giving.
His Highness Sheikh Mohammed bin Rashid mentioned, “Making a Board of Trustees for the ‘1 Billion Meals Endowment’ is a key step in direction of realising the endowment’s strategic objectives, thereby reaching the most important doable section of underprivileged people and offering a meals security web for tens of tens of millions of individuals all over the world.
“The Board of Trustees will probably be tasked with rising and investing the endowed capital, creating plans to make sure a return on funding and knowledgeable spending in direction of sustainable meals support websites. The purpose is to maintain the influence of this initiative for years to come back, and to create a greater future via ongoing initiatives,” he added.
Mohammed bin Rashid Al Maktoum World Initiatives collaborated with a specialised company to arrange 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 battle and eradicate starvation inside an institutional framework.
The Board of Trustees will probably be chaired by Mohammad bin Abdullah Al Gergawi, Secretary-Normal of Mohammed bin Rashid Al Maktoum World 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 Providers Authority; Saeed AlEter Al Dhanhani, Assistant Secretary-Normal of Mohammed bin Rashid Al Maktoum World Initiatives; Ali Al Mutawa, Secretary-Normal 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, Non-public 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 will probably be chargeable for rising and investing the endowed capital in a method 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 belongings by specializing in possible sectors in step with financial progress via a Sharia-compliant modern Islamic method.
The Board will create a contemporary funding technique to make sure highest doable returns and can oversee and assessment funding insurance policies to make sure compliance with authorised processes. It can even be chargeable for analysing money necessities and money movement.
Moreover, the Board of Trustees will study and analyse funding dangers to minimise publicity, by analyzing the feasibility of potential investments and choosing high-return diversified investments, whereas making certain compatibility with related laws.
The Board of Trustees will work intently with related authorities, non-public sector, worldwide organisations and charities working to battle starvation all over the world. It will likely be chargeable for the institution of sustainable meals support websites, in addition to implementing feeding programmes in underprivileged communities all over the world, primarily based on information collected from related organisations.
The Board will create processes and formulate laws in accordance with worldwide greatest practices, opening the door for the contribution of people, establishments, companies, businessmen and influential philanthropists so as to maximise contributions.
The Board of Trustees might kind specialised committees as wanted to assist its work and improve the endowment’s influence 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 improvement, contributing to the worldwide efforts to battle starvation in step with Sustainable Growth Objectives, in addition to contributing to different humanitarian and charity tasks as authorised 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 group to be a part of its efforts, the endowment venture is a sensible instance of the values of compassion, giving and solidarity lengthy held within the UAE group.
Organised by Mohammed bin Rashid Al Maktoum World Initiatives, “1 Billion Meals Endowment Marketing campaign” is a sustainable method that enhances the UAE’s humanitarian support prolonged to underprivileged populations combating starvation and malnutrition.
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