The State of Kuwait is one of the pioneering countries in charity and humanitarian relief aid due to the country's prolific efforts within such domains, Director General of the Islamic Educational, Scientific and Cultural Organization (ISESCO) Dr. Salim bin Mohammed AlMalik said Monday.
Speaking to KUNA on ISESCO's Waqf (endowment) investment project, AlMalik said that the Organization was grateful for Kuwait's outstanding charitable efforts. He affirmed that the recognition by the United Nations of Kuwait as a Global Humanitarian Center and Emir of Kuwait Sheikh Sabah AlAhmad AlJaber AlSabah as a Humanitarian Leader came through continuous efforts to help the needy around the world.
AlMalik, who commended Kuwait's contribution on both the governmental and nongovernmental levels, indicated that Kuwait is an integral partner for the ISESCO, which is looking forward to working with the Gulf state.
With regard to the endowment investment project, the ISESCO chief underlined that the project would be fully funded by the members of the Organization. He explained that the project was announced on May 9 in Makkah during ISESCO's General Conference.
AlMalik pointed out that an international conference was in the making to boost funding to around US$10 million by the end of the year and US$1 billion in the upcoming five years. He also revealed that the money would be used to support various ISESCO projects.
Source: International Islamic News Agency