Wednesday, 27 August 2008

Saleh Kamel Fund for Young Entrepreneurs - and Qutbist Terrorists?

This is How Zakat Funds Work and How Salifiyyah - Qutbists fund their projects:

Watch this process

Dallah Albaraka Donates Ten Million Riyals To The Centennial Fund

The Signing Ceremony Was Attended By The Governor Of The General Investment Authority (SAGIA) And Deputy Chairman Of The Trustees Board Of The Centennial Fund. Mr. Omar Abdallah Al-Dabbagh

Jeddah, Saudi Arabia - August 10, 2008: NRH Prince Abdul-Aziz bin Abdallah bin Abdul-Aziz,

Consultant of Custodian of the Two Holly Mosques and Chairman of the Trustees board of the Centennial Fund signed in Jeddah last July with Mr. Abdallah Saleh Kamel, C.E.O. of Dallah Albaraka Group an agreement whereby the Group donates through its social responsibility programmes the amount of ten million riyals for the establishment of a special fund under the umbrella of the Centennial Fund, in the name of "Saleh Kamel Fund" for the support of young entrepreneurs.

The signing ceremony was attended by the Governor of the General Investment Authority (SAGIA) and Deputy Chairman of the Trustees board of the Centennial Fund. Mr. Omar Abdallah Al-Dabbagh.

On this occasion Mr. Abdallah Saleh Kamel said in a statement that the agreement stands as a further assurance to the Group's feeling of responsibility toward the community and its desire for fostering the culture of entrepreneurship beside standing as a proof of our confidence in the mechanism of the Centennial Fund which realized within so short period of time a remarkable success and eventually acquired the ISO 900l.

According to this agreement:
  • Dallah Albaraka shall have a priority in establishing offices for distribution and collection of applications,
  • The Centennial Fund pursues all other arrangements in the following three steps:

First Stage: Acceptance and evaluation of applications.

At this stage personal interviews shall be conducted with the applicants to make sure that they are really serious in establishment of projects and that the projects are quite viable.

Second Stage: Evaluation of Applications

In the light of the result of this verification the committee shall decide on the applications and, in case of acceptance of the projects

Third Stage - Provision

further steps shall be taken with regard to provision of facilities and assistance to viable projects.

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