1Sahil Badruddin = ""AKFED [is]
neither a charitable foundation, nor a vehicle for the personal wealth of the
Ismaili Imam of the time. It is a for-profit, international development agency
that, because of its institutional background and social conscience, invests in
countries, sectors and projects, on criteria far different from those of a
straightforward commercial investor. Investment decisions are based more on the
prospects for better lives for the constituencies of people that will be
impacted by the investments and their results rather than on bottom line
profitability. AKFED does seek to generate profits, but they are entirely
reinvested in future development initiatives….The approach of the Imamat has always been to respond to the
development challenges and priorities of the countries in which it is engaged….
It has often meant taking courageous but calculated steps to create opportunity
in environments that are fragile and complex at the same time. For AKFED, this
has frequently meant giving a lead where others might have feared to tread."-Aga Khan IV"