Circular no: Conf/7/06
Date: 18 July 2006
Triennial Conference 2006
Dubai, 15 - 18 September 2006
To create a vision of excellence by exchanging global KSI experiences.
Agenda item 14
Resolution from NASIMCO to Amend Admin Fees
Notice is hereby given that in compliance with clause 13 of the constitution, NASIMCO has submitted the following resolution to be tabled at the Tenth Ordinary Conference of The World Federation of KSIMC to be held in Dubai 15 - 18 September 2006.
With Salaams and Duas
Yasin Rahim
Secretary General
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NASIMCO ORGANIZATION OF NORTH AMERICAN SHIA ITHNA-ASHERI MUSLIM COMMUNITIES
NAS-WF:001.2006-09
Jamaada al Akher 9th 1427
July 5th 2006
RESOLUTION FROM NASIMCO ON WF ADMINISTRATIVE FEES
Br Yasin Rahim,
Secretary General
The World Federation
Dear Yasin Bhai,
Assalamun Alaykum.
During the recently concluded NASIMCO Annual Conference held on June 24th 2006 in Toronto, it was unanimously agreed upon to present the following resolution to the WF to be included as an agenda item for discussion at the WF Conference in Dubai in September 2006.
The Resolution to read as:
Preamble:
WHEREAS the World Federation (WF) deducts a 7% fee on all donations received by it, to cover its administrative costs;
AND WHEREAS the administrative fee is of concern to several donors who channel their funds directly to the eligible recipients;
AND WHEREAS this fee was approved at the conference held in 1994, and implemented with effect from January 1995, and has not been reviewed since its adoption.
NASIMCO, HEREBY proposes that the following be debated and a decision made under the relevant Agenda item:
Proposal:
“Remove percentage fee on all collected funds but deduct actual costs, which should not exceed 7%, for administering these funds”.
Thank you and Wassalaam.
Shiraz Datoo
Director-NASIMCO