"Bayt Mal Al Quds Asharif – the Holy Al Quds Fund – announced at week's end after convening in Rabat, Morocco, that it will invest $30 million in projects for 'safeguarding the Arabic and Islamic nature' of the Old City of Jerusalem.
The Fund, an affiliate of the Organization of the Islamic Conference, was set up in 1998 by King Hassan II of Morocco. It defines itself as a not-for-profit Islamic institution that seeks 'to establish and preserve the Islamic and Arab rights” in Jerusalem and “to help its people remain steadfast on their lands.'"
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