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Al Jalila Foundation Gets Donations Worth $16M in Crypto

Months after becoming the first healthcare charity in the United Arab Emirates (UAE) to accept charity in crypto, Al Jalila Foundation has received a donation in cryptocurrency worth $16 million.

As the first of its kind on UAE soil, the crypto donation will be channelled towards assisting Hamdan Bin Rashid Cancer Charity Hospital. The funds will specifically aid in the construction of a bone marrow transplant centre, which will be later renamed “QUINT Bone Marrow Transplant Centre” upon launch.

This move will make specialized medical treatment affordable to cancer patients.

Abdul Kareem Al Olama, the CEO of Al Jalila Foundation, pointed out:

“We are grateful to QUINT for their generous contribution that will have a great impact on the lives of adults and children suffering from cancer.”

He added:

“As a philanthropic organisation, we rely on charitable donations, and we are always seeking innovative ways to expand our donation channels for ease of convenience for donors from all around the world to support our programmes.”

QUINT founders made donations to support the Al Jalila Foundation’s objective of changing lives through medical innovation. QUINT is a revolutionary DeFi and crypto platform.

Mohammed Al Bulooki, QUINT’s chairman, stated:

“QUINT’s founders, developers, and partners support Al Jalila Foundation’s aim of transforming lives through medical research and are delighted to be able to contribute to this mission.” 

Al Olama had previously stated that the Al Jalila Foundation was taking the crypto donation route to boost its capabilities, network, and channels per Dubai’s intention of becoming a leading cryptocurrency hub. 

The foundation spearheaded life-changing healthcare programs in different fields like research, education, and medical treatment since 2013.

Image source: Shutterstock

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