"Dubai Charity" is the first association to receive donations in digital currencies
Khaled Al-Olama: “Receiving alms in digital currencies allows for an increase in donations.”
Receiving alms in digital currencies allows for increased donations.
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The Dubai Charity Association reported that it is the first charitable association in the country to receive donations in digital currencies, through a partnership with one of the platforms in the country that specializes in it. To allocate it according to its legitimate banks.
The Secretary General of the Dubai Charitable Society, Khaled Al Olama, stressed that receiving alms in digital currencies is unprecedented in charitable work in the country and allows for an increase in donations that benefit the needy groups, and also makes it easier for dealers across local and international markets in digital currencies to perform their alms in the easiest and safest way.
Al Olama added that in accordance with Dubai Charity’s keenness to keep pace with the state’s directives, which recently approved dealing with these currencies, the Society is today achieving leadership in charitable work and the great role that Dubai Charity plays in accordance with the path of development and modernity, by keeping pace with the means of payment and dealing with the global digital, which has become a reality. in the lives of many.
A member of the Board of Directors of the Dubai Charitable Association, Adel Matar, valued the continuous and constructive cooperation with the Islamic Affairs and Charitable Activities Department in Dubai, for its support of that precedent by agreeing to start receiving donations in digital currencies in order to build bridges of communication with the giving community and strengthen areas of partnership with its various sectors to support the efforts of the association Inside and outside the country.
He stressed that «the next 50 years will bring promising opportunities for development and growth in charitable and humanitarian work, and digital currencies, with their rapid growth, are a fertile ground for adding new donation channels, and we look forward in Dubai Charity to new successes stemming from the spirit of innovation and excellence to find smart and advanced solutions for the largest What challenges it faces.
In turn, the Executive Director of the Dubai Charitable Society, Ahmed Al-Suwaidi, described this unprecedented step that it will make a difference, and the payment of digital currencies will have an influential presence in the volume and quality of donations.