OIC lauds ISF’s effective development role in Muslim States

Jeddah, (IINA) - The Secretary General of the Organization of Islamic Cooperation (OIC) Dr. Yousef Al-Othaimeen said that the Islamic Solidarity Fund (ISF) has proved effective in financing educational, health, cultural and social programs, and projects to develop Muslim nations.

The experiment and its outcome showed that founding the ISF was a historic decision that benefited Muslim countries, Al-Othaimeen said in a speech at the 61st session of the Permanent Council of the ISF, held in Jeddah on Monday, April 03.

The OIC summit of 1974 in the Pakistani city of Lahore decided to found the ISF to back development projects in the Muslim world, he said, adding that the ISF has been active in various domains to meet the growing needs of Muslim states in this regard.

He called for the mobilization of support for the ISF to overcome the limitation of resources in the face of growing needs. He thanked the Kingdom of Saudi Arabia, the United Arab Emirates, and Turkey for their voluntary donation to the ISF.Chairman of the ISF Permanent Council Ambassador Nasser Al-Zaabi stated that the council has financed 2,595 projects in 138 countries with a total cost of $220 million. In the past two years, the council contributed 44 projects with $4.6 million, he added.

Al-Zaabi also noted that the council has provided financial support to several Islamic universities including the Islamic universities in Uganda and Niger as well as urgent medical aid to Syrian refugees in Lebanon and Jordan.

The principal objective of operations financed under the ISF is to reduce poverty. Therefore, projects and programs undertaken by the ISF are low-cost, high-impact, innovative, result-oriented, and mainly community-driven.