QFC Announces Its CSR and Social Investment Strategy

Doha, May 16 (QNA) - Qatar Financial Centre (QFC) launched its Corporate Social Responsibility (CSR) and Social Investment strategy; "United for Good". The strategy aims to ensure global and sustainable best CSR practices that advocate tangible and positive change in the community by focusing on two core pillars - youth & education and community development. QFC has planned a number of different initiatives under each pillar engaging different stakeholders. QFC has already activated a number of successful initiatives under "United for Good" including partnering with Save the Dream to launch the first full-fledged blind football game in Qatar and launching Global Money Week for the second time in Qatar which is a week of workshops aimed at enhancing the children's financial education, and finally partnering with CFA society in Doha to introduce the first CFA Global Financial Competition for university students in Qatar. QFC recently announced the activation of Busmah, its first employee community engagement and volunteering program. Under Busmah, QFC employees are encouraged to volunteer in monthly CSR initiatives that show goodwill and impart valuable knowledge to the whole community. QFC's CSR program underscores its commitment to its ethical, social and environmental responsibilities. One of the CSR's main pillars at QFC is community development that entails focusing on the inclusion of all members of society. QFC's CSR and social investment strategy also focuses on youth and education to help build a new generation of leaders. QFC is an onshore business and financial center located in Doha, providing an excellent platform for firms to do business in Qatar and the region. QFC offers its own legal, regulatory, tax and business environment, which allows 100 percent foreign ownership, 100 percent repatriation of profits, and charges a competitive rate of 10 percent corporate tax on locally sourced profit. (QNA)