IslamicFinance.de

The private Saudi art organisation Art Jameel has bought a vast collection of works by leading artists commissioned by the now defunct, Dubai-based private equity firm Abraaj. The collection had been planned to go on long-term loan to Art Jameel’s Dubai space, Jameel Arts Centre, before the financial company went bankrupt in 2018. It will now be managed as part of the Art Jameel Collection and part will be housed at the centre in Dubai. The 29 pieces, created over ten years from 2008 as part of the annual Abraaj Group Art Prize, are by artists from the Middle East, North Africa and South Asia including Kader Attia, Shezad Dawood, Rana Begum and Wael Shawky.

Abraaj Capital launched its first integrated sustainability report. The report presents depth and context to the group’s performance in 2010 and determines how sustainability is central to the group’s culture and business.
The report was developed using the Global Reporting Initiative (GRI) G3 guidelines and evaluates the progress Abraaj Capital has shown on its economic, social and environmental commitments in 2010. The John D Gerhart Center of Philanthropy and Civic Engagement at the American University in Cairo worked with Abraaj Capital in preparing the report.

Dubai, United Arab Emirates, March 23, 2011 – The Muslim Philanthropy Award winners were announced at the 4th annual banquet of the World Congress of Muslim Philanthropists in Dubai, UAE.

Every year, the Muslim Philanthropy Award honors an individual, a grantmaking institution and a corporation for their distinguished contribution to the field of philanthropy.

The Muslim Philanthropy Awards for 2011 were awarded to H.R.H. Prince Talal bin Abdul Aziz Al Saud (Personality) for demonstrating outstanding civic and charitable responsibility; Islamic Development Bank, Saudi Arabia (Grantmaker) for showing long-standing commitment to economic empowerment, human dignity, and institutional building; and Abraaj Capital, UAE (Corporation) for demonstrating longstanding leadership in advancing strategic philanthropy, creativity in responding to societal problems, and having significant positive impact on corporate giving in MENA region.