The Foundation for the Islamic Reporting Initiative “IRI Foundation” is based on the principle that public-private collaboration is essential to find lasting solutions to pressing global problems.
The Foundation provides vital financial, operational and programmatic support to the Islamic Reporting Initiative Office and other CSR activities around the world.
The IRI Foundation is based in the Netherlands, the IRI Secretariat is based in the United Arab Emirates.
Dr Abdel-Aziz Sharabati, who is Head of Information (Statistical Analysis, Assessment and Evaluation) of the Middle East University in Jordan, said: “It is an honour to be appointed to the Board of Directors of the foundation for the IRI. I am very inspired by the wide-reaching potential of the IRI, and the establishment of the foundation is a logical next step in its rapid development. I look forward to working alongside Drs Elffers and Ms Daraghmeh-Masri in realising its objective.” (2015)
Dame Amal Daraghmeh-Masri of Palestine, Founder and CEO of the Ougarit Group for Marketing and previously named Best Woman Entrepreneur in the MENA, said: “The IRI has the potential to become a world-class reporting framework for CSR that will not only advance sustainable development in the Islamic world, but help accelerate international collaboration for global sustainability.” (2015)
Mr. Mohamed Amersi is engaged in a full sphere of activities ranging from for profit, responsible profit and non-profit. He is an active philanthropist and social conscience leader sitting on numerous Boards and Advisory Councils, including the Royal Agricultural University and the Prince’s Trust International. (2017)
Mr. Gerrit Heyns has a long history in institutional financial services, particularly in the emerging markets. He is a respected sustainability investor, championing resource efficiency in large listed companies and has been listed amongst the top 30 most influential people in global finance by the Institute of Chartered Accountants. (2017)
Drs Daan Elffers, who founded the IRI in 2015 after seeing the vast potential of the synergy between Islamic values and CSR, said: “The exceptional guidance and generous support from trustees since the early days of launching the IRI, have contributed immensely to the IRI’s early success. It is a pleasure to appoint them Board Members of the foundation for the IRI, which I strongly believe will help us further accelerate the IRI’s strategic development and growth.” (2015)
As a non-profit organization, fundraising enables the IRI Foundation to obtain the necessary income for its activities and operational needs. It is crucial to ensure that funds come from ethical sources and do not compromise the foundation’s independence.
Ethical fundraising has a vast impact on the foundation’s reputation and activities, including a number of programs and projects delivered worldwide to help businesses become more sustainable.
The IRI Foundation has an applied practice in place to ensure all fundraising activities are ethical and transparent for all affected stakeholders. The funds received respect the donor agreements, through elaborate reporting processes, and are allocated towards work which encompasses the foundation’s mission to empower decision makers to take action towards a more sustainable economy and world.
The IRI Foundation plans to have an Ethical Fundraising Committee in place before the end of its first year of registration.
The IRI Foundation is committed to the highest standards of Anti-Money Laundering (AML) and Anti-Financial Crime (AFC) including Anti-Bribery and Corruption (ABC), Counter Terrorism Financing (CTF), Anti-Fraud and other punishable criminal acts.
The IRI Foundation provides financial support to the IRI Reporting Standard, which is registered in the Netherlands. The Netherlands is a member country of the Financial Action Task Force (FATF) and the European Union (EU) and has enacted laws and rules designed to implement the anti-money laundering policies of both FATF and the EU. The goal of these laws is to detect and prevent money laundering and potential terrorist financing. The IRI Foundation and IRI Reporting Standard will adhere to all applicable laws and regulations in all countries where it conducts business, or has business relationships to.
For all these topics, the IRI Foundation has implemented clear rules and outlined those in its policies which are complied with by all IRI staff globally.