Malabar Gold & Diamonds sets aside AED 1.5 Million for CSR activities during Ramadan
- Malabar Gold & Diamonds partners with regional associations and like-minded organizations in GCC and Far East to distribute Iftar meals and food provision kits.
- Food provision kits and meals will be distributed to laborers and families.
Malabar Gold & Diamonds, one of the largest global jewellery retailers amplifies the spirit of Ramadan by strengthening its CSR activities in the GCC and Far East. The brand has planned month-long CSR activities in association with embassies, and like-minded organizations, which include the distribution of food provision kits and Iftar meals to deserving laborers and families. This initiative is expected to benefit a large section of the society across all countries in which Malabar Gold & Diamonds operates.
‘CSR remains a core value at Malabar Gold & Diamonds ever since its inception in 1993 and contributing to the community has been a key part of the company’s ESG (Environmental, Social & Governance) goals. Ramadan is usually the time we reflect on our actions and contribute to society in whatever way possible. Every year during Ramadan, we engage in various CSR initiatives, aiming to create a difference in the community in and around our area of operations and to drive other organizations, both big and small to initiate such activities that will help the needy.’ said Mr. Abdul Salam KP, Vice Chairman – Malabar Group.
Malabar Gold & Diamonds will distribute both Iftar meals and food provision kits as part of this Ramadan CSR initiative. In UAE, Iftar meals will be distributed across various labor camps in Jebel Ali, Sonapur, and the Sajja industrial area in addition to several needy families residing in Ajman, individuals who have lost their job, and those on visit visas, etc. The food donation drive is being conducted in association with CDA, UAE Food Bank, Dubai Police, MSS, AKCAF, KMCC as well as through the references provided by customers of Malabar Gold & Diamonds.
‘The spirit of Ramadan gives us an added opportunity to exercise humanitarian values while making a positive impact on the lives of those around us. At Malabar Gold & Diamonds, the Ramadan CSR activity is spearheaded by our team members themselves along with like-minded organizations and associations, together with whom we identify and provide support to the needy in the local communities. It gives me a lot of happiness that we can continue to add goodness to society with the generous support of all our customers, partners, shareholders, and team members, said Mr. Shamlal Ahamed, MD – International Operations of Malabar Gold & Diamonds.
Malabar Gold & Diamonds believes that the most successful companies are those which integrate responsibility and sustainability into their core business and these principles are captured in the ESG (Environmental, Social & Governance) goals of the organization. The group is always proactive when it comes to CSR activities right from inception in 1993. The key focus areas of the CSR initiatives of Malabar Group are in the areas of Health, Education, Women Empowerment, Housing, and the Environment. The organization has kept aside 5% of its profit for CSR activities in all the regions in which they operate. The group, which currently has showrooms across GCC, India, Malaysia, Singapore & USA undertakes several welfare activities throughout the year in the respective regions.
Malabar Gold & Diamonds
Malabar Gold & Diamonds is the flagship company of Malabar Group, a leading diversified Indian business conglomerate.
Established in 1993 in the Indian state of Kerala, Malabar Gold & Diamonds today has a strong retail network of over 280 outlets spread across 10 countries, 14 wholesale units in addition to offices, design centers and factories spread across India, Middle East, Far East & USA. With an annual turnover of $4.51 billion, the company currently ranks one among the largest jewellery retailers globally.
With 14 cluster manufacturing units in India and GCC – the company currently has 12 jewellery brands to cater to the discerning needs of customers. With headquarters in Kerala and branches across India, Middle East, Far East and USA, Malabar Group is best known for its activities in the field of gold, diamonds, silver and lifestyle articles.
The group also operates MGD – Lifestyle Jewellery, a retail concept offering trendy and light weight jewellery that represents the independent and the modern woman through its designs and collections.
The group, owned by over 4,000 shareholders excels in quality products and services, has more than 13,000 professionals working for its continued success.
Malabar Gold & Diamonds also features an online store http://www.malabargoldanddiamonds.com providing customers the opportunity to purchase their favorite jewelry any time and on any day from the comfort of their home.
The group is always proactive when it comes to CSR initiatives right from its inception. The key focus areas of the CSR initiatives of Malabar Group are in the areas of Health, Education, Women Empowerment, Housing and Environment. The organization has kept aside 5% of its profit for enabling CSR activities in all the regions that they operate.