UNHCR, Islamic Development Bank launch fund for refugees

 

Alliance magazine

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The UN Refugee Agency (UNHRC), alongside the Islamic Development Bank, has launched the Global Islamic Fund for Refugees – a sustainable and Sharia-compliant fund that will open new Islamic philanthropic support to provide relief for millions of refugees.

Migrants from Syria arrive in Greece in 2015. Photo credit: Shutterstock

The fund comes at a time when forced displacement has reached unprecedented levels and become a critical global humanitarian and development crisis.

‘Forced displacement needs are at a record high and continue to rise. No institution alone could carry the burden,’ said IsDB Group President, H.E. Dr Muhammad Al Jasser.

The initiative stems from ISFD and UNHCR’s respective mandates. It aims to provide effective, efficient, and predictable support to programs and projects for refugees, IDPs and host communities in Organisation of Islamic Cooperation member states, which are concentrated in regions that produce and host high numbers of refugees.

The Fund hopes to mobilise both immediate and multi-year funding for humanitarian programmes and operations.


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