Al Jalila Foundation first charity in UAE to accept donations in cryptocurrency

Al Jalila Foundation first charity in UAE to accept donations in cryptocurrency

Crypto philanthropy is a growing trend among Millennial and Gen Z donors

Published: Fri 3 Jun 2022, 12:21 PM Last updated: Fri 3 Jun 2022, 12:29 PM

Al Jalila Foundation, a nonprofit healthcare organisation and member of the Mohammed Bin Rashid Al Maktoum Global Initiatives, today announced that it has been granted approval to receive charitable donations in cryptocurrencies, making it the first healthcare charity in the UAE to accept donations in digital money.

Al Jalila Foundation also announced that it has partnered with a leading cryptocurrency platform. This aims to expand the Foundation’s donation channels, network and capabilities in line with Dubai’s vision to be a leader in adopting advanced financial technologies and a prominent digital asset hub.

Dr Abdulkareem Sultan Al Olama, CEO of Al Jalila Foundation, said: “As a philanthropic organisation we rely on charitable donations and we are always seeking innovative ways to expand our donation channels for ease of convenience for donors from all around the world to support our programmes. Therefore, as an emerging source of fundraising, providing the opportunity to the growing number of crypto users around the world to donate to Al Jalila Foundation to causes that interest them is a win-win for us as a