Read article NEW YORK, 26 September 2019 – UNICEF and the Islamic Development Bank (IsDB) today launched an innovative fund that will open new opportunities for Muslim philanthropy to reach the millions of children currently in need of humanitarian support and help achieve the Sustainable Development Goals (SDGs). The Global Muslim Philanthropy Fund for Children (GMPFC) is the first fund focused on Muslim giving to be launched by a United Nations organization together with a Multilateral Development Bank (MDB). The fund will enable multiple forms of Muslim philanthropy, including obligatory giving such as Zakat and voluntary giving such as Sadaqah donations and Waqf endowments, to contribute to emergency response and development programmes. It is estimated that global annual Zakat contributions alone may reach up to US$600 billion, making this a significant potential source of sustainable funding to help achieve the SDGs. Seeking to raise US$250 million, the Fund will be administered ...