Al-Quds fund officially established in Morocco
Palestine-Morocco, Economics, 12/24/1998
The Al-Quds Bait Al-MAl (Jerusalem Fund) was officially established in Morocco under an accord signed between Morocco and the Palestinian Authority.
The accord was initialled by secretary-general of the Moroccan foreign affairs department, Saad Eddine Tayeb, and Palestinian ambassador to Morocco and director-general of Jerusalem Fund, Ouajih Hassan Ali Qassem (Abu Marwane).
The Fund, created by the Jerusalem Committee, during the committee's 15th session held in January 1995 in Ifrane (central Morocco), seeks to raise funds to save the occupied city of Jerusalem, defend the Palestinians' rights over the city, back their resistance and safeguard the city's civilization, religious, cultural and architectural heritage.
The management and control of the funds activities is ensured by a trusteeship committee that was formed during the Jerusalem committee's 17th session held last August in Morocco.
The trusteeship committee is made up of Morocco and the state of Palestine as permanent Members, and Saudi Arabia (for the Arab World), Iran (for Asia) and Senegal (for Africa). These three members will sit in the trusteeship committee for three years and will be replaced by new members.
The governing board includes the finance ministers of the Jerusalem Committee member countries and the OIC secretary-general.
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