Philanthropy and Social Investment in the Middle East
Culture and religion in the Middle East are closely linked with philanthropy. One of the five pillars in Islam is ‘zakat’, making it mandatory to donate if one is able. For this reason faith is an important influence on HNWI giving.
There are some interesting differences about the motivation for giving in Middle East, Europe and Asia. According to past research, reported in PhilanthropyAge, the majority of Middle East HNWI donations are to support social change by investments in areas such as education and gender equality.
The purpose of this edition is to learn about the different approaches to philanthropy and social investment in the Middle East.