The Jeddah Chamber of Commerce and Industry (JCCI) has approved regulations to set up a SR100 million endowment fund to support small and medium businesses and productive families. The decision was taken at a meeting here of the JCCI led by Sheikh Saleh Abdullah Kamel, the Chairman of the Board of Directors. Also present at the meeting were Mazen Batarjee, Vice Chairman; Adnan Mandoura, Secretary General; Hassan Ibrahim Dahlan, Deputy Secretary and a number of businessmen who provided financial contributions to the fund. Financed by businessmen, the fund seeks to support comprehensive economic and social developments in society. Kamel said that “Islamic endowments are very important for economic, social, health and educational developments that are in line with the Shariah. The JCCI realizes the market's needs and knows how to create job opportunities and help others gain experience in the field of investment. The fund is part of the JCCI's social responsibility toward society.” At the end of the meeting, the JCCI president and attendants discussed the future of the fund and the projects that can be financed, including how to get more funding from businessmen. __
