Qatar Development Fund donates $50M to Bill Gates' sharia fund

Qatar Development Fund donates $50M to Bill Gates' sharia fund
0.80 6

Published April 19th, 2016 - 08:00 GMT via SyndiGate.info

Rate Article:

 
PRINT Send Mail
comment (0)
Melinda and Bill Gates at the World Economic Forum. (WEF)
Melinda and Bill Gates at the World Economic Forum. (WEF)
Follow >
Click here to add Ahmad Mohamed Ali Al-Madani as an alert
Ahmad Mohamed Ali Al-Madani
,
Click here to add Bill & Melinda Gates Foundation in Doha as an alert
,
Click here to add Bill Gates as an alert
Bill Gates
,
Click here to add IDB as an alert
IDB
,
Click here to add Khalifa bin Jassim Al-Kuwari as an alert
,
Click here to add Lives and Livelihoods Fund as an alert
Lives and Livelihoods Fund
,
Click here to add Matthew Amlôt as an alert
Matthew Amlôt
,
Click here to add Organization of Islamic Cooperation as an alert
,
Click here to add Qatar Development Fund as an alert
Qatar Development Fund

Qatar Development Fund has inked a deal with the Bill & Melinda Gates Foundation in Doha.

The fund, founded last year by IDB and the Bill & Melinda Gates Foundation, named The Lives and Livelihoods Fund (LLF), a $2.5 billion Shari’ah compliant fund. The fund aims to implement five year long poverty focused programmes in some of IDB’s member countries, according to reports from Arabian Business.

The agreement was signed by the General Director of the Qatar Development Fund, Khalifa bin Jassim Al-Kuwari, the first president of the IDB, Dr. Ahmad Mohamed Ali Al-Madani, and Bill Gates.

“We aim to reach the 30 member least developed countries in the Organization of Islamic Cooperation (OIC) in Asia and Africa,” Al-Kuwari said to Arabian Business.


By Matthew Amlôt

© 2016 CPI Financial. All rights reserved.

Add a new comment

 avatar