MSTF's Financial and Non-Financial Network Is Progressively Expanding
Resources of Mustafa(Pbuh) Science and Technology Foundation (MSTF) was discussed in the 6th annual meeting of Mustafa(Pbuh) Prize Investment and Endowment Fund. The annual earning of the fund was also announced to be 33%.
MSTF Media Reports:
The 6th annual meeting of Mustafa Prize Investment and Endowment Fund was held at Mustafa Science and Technology Foundation (MSTF) with members of the fund's board of founders and some of the donors and benefactors of science and technology.
In this meeting, Seyed Ali Omrani, executive director of MSTF pointed to the most important programs carried out by the foundation over the past year. He maintained that some of the most significant measures taken are as follows: the 3rd round of Noor Student Competition, in commemoration of Ibn Ar-Razaz Al-Jazari in May with over 5000 students from 7 countries over the world and production and submission of 1700 short films to the secretariat of the competition, the 5th STEP in Pakistan, the 6th STEP in Tehran simultaneous with the 3rd Mustafa Prize Week with 107 scientists from 25 countries and the participation of five prominent universities in Tehran, the 4th EISA with 29 holders of achievement and 56 investors and facilitators from 23 countries, the process of identifying scientists, the costs of holding the events, ceremony and media of Mustafa Prize Week.
Omrani also maintained that Mustafa Prize Endowment and Investment Fund, with the intention of attracting donors, pursues missions to develop science and technology. Currently, the total investment of the fund equals forty-four billion one hundred million Toman. This year five billion five-hundred million was added to the investment.
Utilizing the Capacities of Other Countries
Omrani further pointed to the projects that are planned to attract international resources. This strategy is due to the fact that many of the costs of the Foundation are paid by foreign currencies. Therefore, establishing a science and technology endowment fund was proposed so that the foundation can use financial resources and new financial means of other countries and earn their participation. Right now, MSTF is considering the practicability of this plan.
Omrani also remarked upon the ongoing growth of Mustafa Science and Technology Foundation’s financial and non-financial network. He stated that “currently, we have 370 members of Khadem Al-Mustafa community, 250 contributors, 28 Iranian and non-Iranian artist-benefactors. Also, taking into consideration the increased number of donors, attracting the resources for the foundation, and the necessity of building networks and utilizing capacities, plans have been made to make a secretariat for the contributors to the foundation.”
In the 6th round of the annual meeting of Mustafa Prize Investment and Endowment Fund, the annual earning of the fund was announced to be around 33 percent. Also, approaches and strategies to increase resources and efficiency of the fund were debated in the meeting.
It should be noted that the donors and those interested in developing science and technology in the Islamic World and making a spiritual investment in science and innovation through Mustafa Prize Investment and Endowment Fund, can join Khadem Al-Mustafa community at http://mstfdn.org to participate in this crucial affair. This Endowment fund aims at financing and supporting the development of science and technology to enhance the welfare, security, and health on an international level focusing on The Islamic World and following the great tradition of Waqf.
