The establishment of an independent, non-profit foundation has been an integral element of Fajr Capital’s vision since the company’s inception. Fajr Capital’s founding mission was to create enduring value for the communities we serve – and the Foundation provides an important platform by which we can widen our social impact and advance economic development across our constituent markets.
Fajr Capital Foundation’s is mandated to focus on developing innovative and sustainable models for the democratisation of wealth, knowledge and philanthropy in its constituent communities.
Developing human and knowledge capital and providing access to high-quality educational opportunities across Fajr Capital’s core markets;
Seed capitalisation of valued-based and impact-focused initiatives that advance the access, availability, and affordability of financial services within low-income communities; and
Supporting poverty alleviation initiatives and enabling the exchange of philanthropic best practises between the East and West.
UNHCR, the UN Refugee Agency, is a global organisation dedicated to saving lives, protecting rights and building a better future for refugees, forcibly displaced communities and stateless people around the world.
UNHCR is today witnessing the highest levels of displacement on record. An unprecedented 68.5 million people around the world have been forced from home. Among them are nearly 25.4 million refugees, over half of whom are under the age of 18. In a world where nearly one person is forcibly displaced every two seconds due to conflict or persecution, UNHCR’s work is more important than ever before and relates to a cause which is close to almost everyone’s heart at Fajr Capital.
In 2018, Fajr Capital Foundation signed a wide-ranging partnership agreement with UNHCR. Our collaboration will focus on supporting UNHCR’s current humanitarian assistance programmes in territories with a high concentration of refugees, including: Jordan, Lebanon, Bangladesh, and South Sudan, amongst others. Specific programmes of interest to the Foundation and our employees include:
All well as financial contributions by our employees, the Foundation is also provide strategic assistance in order to mobilise private sector resources and capital to help alleviate the long-term challenges faced by refugees around the world. A representative of the Foundation has joined the UNHCR’s Middle East Sustainability Board to progress the initiatives agreed in the partnership agreement.
Further information is available on the Fajr Capital and UNHCR joint online donation page: https://giving.unhcr.org/en/fajr/
