$100m Islamic fund to feed poor - Emirates24|7

$100m Islamic fund to feed poor


Kuwait said on Monday it would allocate $100 million (Dh367m) to establish an Islamic fund to provide food assistance to the poor as food prices continue to surge.

The oil-rich country suggests the name of the "Fund for a decent life in Islamic countries", Kuwait's Amir His Highness Sheikh Sabah Al Ahmad Al Sabah said at the opening of an Islamic economic forum.

The fund would aim to provide rapid basic food assistance to the needy and contribute to programmes to increase agricultural production, Sabah told his audience, which included several leaders of Muslim countries including Jordan's King Abdullah and Afghan President Hamid Karzai. (AFP)