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businessman and philanthropist Arif Patelfrom United Arab Emiratesmade a significant contribution to Social Welfare and charity initiatives. Patel recently launched a social impact investing initiative aimed at promoting sustainable development and positive change in the UAE, UK and India.
Who is Arif Patel?
Arif Patel was born in India Business family. He was considered a successful businessman after founding the Preston Trading Company in England. He has over 25 years of experience in the textile and real estate sectors and is also recognized as one of the top 10 executives of an investment firm in the UK. He is also the majority shareholder of Gulf Textiles in Dubai.
his contribution to charity
Arif’s contributions span a variety of areas, including healthcare, women’s empowerment, hunger relief, widow support and COVID-19 relief. Arif’s healthcare efforts include donating an ambulance to underserved Aboriginal communities and distributing food to fight hunger. His philanthropy has transcended borders, with initiatives such as organizing a “marathon” in Madagascar and supporting the harsh winter conditions of Afghanistan. His philanthropy has touched countless people and inspired positive change in society.
Why did he turn to philanthropy?
Arif Patel’s decision to shift his focus from entrepreneurship to philanthropy can be attributed to his personal experience.
“Anyone can make money, but few can make a difference,” Arif Patel said.
While entrepreneurship has brought him success and financial stability, Arif feels a strong sense of purpose to contribute to the well-being of others and solve social challenges, especially as he sees the suffering of people in his own community.
By turning to philanthropy, Arif Patel is able to lend his knowledge, influence and resources to support causes and initiatives that align with his values ​​and vision for a better world. “I feel more fulfilled – I’ve never felt this way in business”
About his social impact investing program
Most investors support companies that have the potential to make them more money. Arif Patel believes that the future of investing lies in companies that aim to solve social or world problems. Through social impact investing, investors not only earn a return, but also ensure that the companies they back will meet the long-term needs of society.
He is inviting funding proposals from:
1. Healthcare: Urbanization helps healthcare in big cities, while smaller towns and regions are neglected, reducing access to the healthcare people need most. Small towns and villages dominated by quack doctors and home remedies have seen very slow growth as private hospital chains focus on medical tourism. He focuses on companies that improve healthcare accessibility and affordability. He has a keen interest in clinics, preventive medicine and personal healthcare products for rural areas and women.
2. Environmental protection products: He has invested in renewable energy projects and hopes to fund companies that support clean water initiatives. He says water is the currency of the future. Arif funds products that require little or no fuel or electricity and can be deployed and scaled. He recently invested in a startup that makes solar-charged refrigerators.
3. Economical housing: He believes investing in affordable housing projects can reduce homelessness and likes companies that support low-cost housing developments. The number of homeless people in the UK and the UAE has increased in recent years, and house prices and inflation have continued to rise. The problem gets worse every year with the arrival of large numbers of immigrants. Real estate giants are focusing on building luxury homes while low-income families are struggling. Homelessness could be one of the biggest problems of the future, and he is actively looking for startups building affordable and low-rent housing.
4. Employment and skills enhancement: He has a strong interest in EdTech as he finds himself upskilling through online media. Arif wants to expand access to such services for disadvantaged groups and invest in businesses that provide job training, skills development and employment opportunities. During the COVID-19 pandemic, he has personally funded Hawker Carts to help those who have lost their livelihoods due to the pandemic. He also funds upskilling projects in the textile sector for women who want to make a living sewing.
Why Social Impact Investing
Governments are under intense pressure to boost economic growth. He argues that countries can achieve compound economic growth if private entities channel investments into projects that prioritize social and environmental goals. If you are not a first world country, the government should encourage this kind of social impact investing.
By aligning financial goals with social and environmental concerns, social impact investing has the power to create a more inclusive economy that benefits both people and governments. In the UAE and India, there are few investors who are not hungry for profits. Most social initiatives are funded by trusts or nonprofits, and that needs to change.
Why UAE, UK and India?
Most social impact initiatives in the UAE and India are funded by US organizations. Cultural differences in these societies are ignored and therefore less influential. However, there are many such initiatives in the UK, but small towns and communities are being neglected. Having lived in all three countries, he believes there is huge room for growth in this industry.
Who should apply for this initiative?
Experienced entrepreneur with a business idea that has the potential to disrupt the market. Any product, service or social initiative focused on affordable healthcare, housing and upskilling. Any solution suitable for clean water, agriculture and renewable energy can be adapted.
For those wishing to apply, Arif Patel is sending a detailed business proposal and 5-year plan to arifpatel.ft@gmail.com.
Disclaimer – The above content is non-editorial and TIL hereby disclaims any and all warranties, express or implied, with respect to it and does not warrant, guarantee or necessarily endorse any of the content.
Who is Arif Patel?
Arif Patel was born in India Business family. He was considered a successful businessman after founding the Preston Trading Company in England. He has over 25 years of experience in the textile and real estate sectors and is also recognized as one of the top 10 executives of an investment firm in the UK. He is also the majority shareholder of Gulf Textiles in Dubai.
his contribution to charity
Arif’s contributions span a variety of areas, including healthcare, women’s empowerment, hunger relief, widow support and COVID-19 relief. Arif’s healthcare efforts include donating an ambulance to underserved Aboriginal communities and distributing food to fight hunger. His philanthropy has transcended borders, with initiatives such as organizing a “marathon” in Madagascar and supporting the harsh winter conditions of Afghanistan. His philanthropy has touched countless people and inspired positive change in society.
Why did he turn to philanthropy?
Arif Patel’s decision to shift his focus from entrepreneurship to philanthropy can be attributed to his personal experience.
“Anyone can make money, but few can make a difference,” Arif Patel said.
While entrepreneurship has brought him success and financial stability, Arif feels a strong sense of purpose to contribute to the well-being of others and solve social challenges, especially as he sees the suffering of people in his own community.
By turning to philanthropy, Arif Patel is able to lend his knowledge, influence and resources to support causes and initiatives that align with his values ​​and vision for a better world. “I feel more fulfilled – I’ve never felt this way in business”
About his social impact investing program
Most investors support companies that have the potential to make them more money. Arif Patel believes that the future of investing lies in companies that aim to solve social or world problems. Through social impact investing, investors not only earn a return, but also ensure that the companies they back will meet the long-term needs of society.
He is inviting funding proposals from:
1. Healthcare: Urbanization helps healthcare in big cities, while smaller towns and regions are neglected, reducing access to the healthcare people need most. Small towns and villages dominated by quack doctors and home remedies have seen very slow growth as private hospital chains focus on medical tourism. He focuses on companies that improve healthcare accessibility and affordability. He has a keen interest in clinics, preventive medicine and personal healthcare products for rural areas and women.
2. Environmental protection products: He has invested in renewable energy projects and hopes to fund companies that support clean water initiatives. He says water is the currency of the future. Arif funds products that require little or no fuel or electricity and can be deployed and scaled. He recently invested in a startup that makes solar-charged refrigerators.
3. Economical housing: He believes investing in affordable housing projects can reduce homelessness and likes companies that support low-cost housing developments. The number of homeless people in the UK and the UAE has increased in recent years, and house prices and inflation have continued to rise. The problem gets worse every year with the arrival of large numbers of immigrants. Real estate giants are focusing on building luxury homes while low-income families are struggling. Homelessness could be one of the biggest problems of the future, and he is actively looking for startups building affordable and low-rent housing.
4. Employment and skills enhancement: He has a strong interest in EdTech as he finds himself upskilling through online media. Arif wants to expand access to such services for disadvantaged groups and invest in businesses that provide job training, skills development and employment opportunities. During the COVID-19 pandemic, he has personally funded Hawker Carts to help those who have lost their livelihoods due to the pandemic. He also funds upskilling projects in the textile sector for women who want to make a living sewing.
Why Social Impact Investing
Governments are under intense pressure to boost economic growth. He argues that countries can achieve compound economic growth if private entities channel investments into projects that prioritize social and environmental goals. If you are not a first world country, the government should encourage this kind of social impact investing.
By aligning financial goals with social and environmental concerns, social impact investing has the power to create a more inclusive economy that benefits both people and governments. In the UAE and India, there are few investors who are not hungry for profits. Most social initiatives are funded by trusts or nonprofits, and that needs to change.
Why UAE, UK and India?
Most social impact initiatives in the UAE and India are funded by US organizations. Cultural differences in these societies are ignored and therefore less influential. However, there are many such initiatives in the UK, but small towns and communities are being neglected. Having lived in all three countries, he believes there is huge room for growth in this industry.
Who should apply for this initiative?
Experienced entrepreneur with a business idea that has the potential to disrupt the market. Any product, service or social initiative focused on affordable healthcare, housing and upskilling. Any solution suitable for clean water, agriculture and renewable energy can be adapted.
For those wishing to apply, Arif Patel is sending a detailed business proposal and 5-year plan to arifpatel.ft@gmail.com.
Disclaimer – The above content is non-editorial and TIL hereby disclaims any and all warranties, express or implied, with respect to it and does not warrant, guarantee or necessarily endorse any of the content.
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