|
◙ IICO's
various charitable activities are financed by
contributions given by generous people from all over the
world.
◙
IICO accepts all sorts of contributions that are
appropriate to its mission such as all sorts of
donations, Zakat (Islamic alms), Waqf (trusts), Sadaqa,
grants, gifts, and bequests made for its favor.
◙
IICO also accepts designated contributions for specific
purposes such as: sponsoring orphans or a specific
project such as building mosques, health clinic,
drilling a well, and the like.
◙
IICO accepts Waqf (trusts) which is a contribution of a
sum of money, a property, or some other charity that is
dealt with as a trust. The income generated from the
Waqf (trusts) is used to support general or a specific
cause such as schooling, orphanage, education and the
like.
◙
IICO launches campaigns according to circumstances to
raise funds for its emergency relief programs to aid
victims of war, civil conflicts, famines and natural or
man made disasters. |
|
◙
IICO strategy is to make the
most of the contributions it receives. Its policy is to
ensure that donations are raised and used efficiently
and effectively and given to those who need it most.
◙
In order to increase the resources for charities
and generate a stable income to finance its various
charitable activities, IICO invests the undesignated
funds it receives in long term sustainable investments
and projects that generate maximum returns.
◙
The income generated from IICO's invested capital
and properties is spent in charitable works while the
capital is kept as a trust.
◙
It has been estimated that an initial capital of
1,000 million U.S. dollars is needed to enable IICO
fulfill its ambitious goals. This goal is being pursued
under the slogan "Pay a dollar to save a person".
|
