IslamicFinance.de

Qatar Charity CEO Mr. Yousef bin Ahmad Al-Kuwari and Silatech CEO Dr. Tarik M. Yousef signed an agreement committing the two organizations to work jointly to support young Arab entrepreneurs through Silatech’s Narwi micro-giving portal. The agreement follows the 2013 signing of a Memorandum of Understanding to cooperate in technology, fund-raising and technical assistance. “Narwi” (narwi.com) will allow visitors to the site to directly contribute toward financing the young Arab entrepreneur of their choice in countries including Palestine, Lebanon, Jordan, Iraq, Yemen and Somalia. Funds on Narwi are given as revolving donations, so that when the entrepreneur repays the original loan, the donation moves on to support others as well.

Barwa Bank has signed a cooperation agreement with Qatar Charity to provide QR500,000 for its Ramadan projects in the country. The deal was signed by Steve Troop, Chief Executive Officer of Barwa Bank, and Yousef Al Kuwari, Qatar Charity Executive Chairman, at the charity headquarters. Troop said that Barwa Bank aims to support projects which provide assistance to the needy in the Qatari community in various ways, including forging partnerships with charities such as Qatar Charity. One of Qatar Charity’s projects is Al Baraha which has been extended from 10 days to one month. Around 24,000 people will benefit from the QR950,000 project during the holy month.