Banks and Charities News
Last Friday the U.S. Treasury announced its decision to delist the Oregon-based branch of Al Haramain Foundation, designated as a terrorist entity for its strong links to al-Qaeda and the Saudi government. The move sparks doubts about the ultimate nature and value of the terrorist designation process in the U.S.
At the end of May, a Qatar Charity delegation traveled across the northwest of Italy to inaugurate several Islamic centers built or renovated thanks to the €25 million devolved to UCOII over the past three years, in line with the provision of Qatar Charity’s “Ghaith” initiative. This most recent investment, however, is only the tip of the iceberg.