Global Islamic fund for refugees set for launch by UNHCR and IsDB’s Islamic Solidarity Fund for Development

The United Nations High Commissioner for Refugees (UNHCR) and the Islamic Solidarity Fund for Development (ISFD), Islamic Development Bank (IsDB)’s poverty alleviation arm, have signed an agreement to establish the Global Islamic Fund for Refugees (GIFR), a Shariah-compliant resource mobilisation tool poised to develop new Islamic philanthropy funding channels in favour of millions of forcibly displaced persons. The agreement comes at a time when forced displacement has reached unprecedented levels and has become a critical global humanitarian and development crisis, requiring intensive, comprehensive, and collaborative global action.