Initiate & Empower – 26th Dec 2021

Engage, Equip & Nurture

Agenda:
Objectives, Vision, Mission
Current Status Review
Memberships, Policies & TOBs
Website /Facebook page review
Success Stories & Cases in Process
Donations & Disbursements
Future Vision
Objectives, Vision, Mission

Objectives
● To reduce poverty
● To empower and raise the living standard of the low-income group
● To avoid interest (prohibited by Allah and Prophet PBUH)

Vision
To create a poverty free society through social, educational and economical empowerment.

Mission
We are committed to build a better community by reducing poverty, empowering through education
and creating business opportunities to achieve social equality and sustainable economic empowerment.
Current Status review

● Registrations:

o Initiate & Empower Company Limited by Guarantee – registration with CRO is completed.
o Tax Registration with Irish Revenue is completed.
o Irish Bank Account has been opened.
o Pak Registrations are not completed as format is not decided yet.
Memberships, Policies & TOBs

● Membership – currently 20 members

● Policies – Tayyab bhai is working on AML.

● TOBs – TOBs are approved and adopted.

 Website/Facebook Page Review

● Website is live – recent cases need to be updated

● Facebook page is in place – recent cases need to be updated.

● Adeel bhai proposed to hire professional services

Success Stores, Cases in Process

● Review of cases completed – 11 cases has been completed.

● Cases in process – empowerment case – School project takeover didn’t happen..
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Donations & Disbursements

● IRL Donations @ 30/11/2021

○ Total received €3474
○ Transferred directly €1049
o Received in the bank €2425
o Transferred to 🇵🇰 €1950
o Bank Balance €475

● PAK Donations
○ Total received Rs. 100,000
○ IRL member paid in Rs. 30,000
○ PAK members paid Rs. 55,000
○ Non-members paid Rs. 15,000
Future Vision
• Legal Structure in Pakistan need to be finalized
• Review Akhuwat model – Public Fund raising
• Empowerment through Qarz-e-Hasana/Islamic Microfinance
• Empowerment through Education/Training