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	<title>Ismaili Pages - Ismaili Muslim News &#38; More &#187; ismaili muslims</title>
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		<title>The Aga Khan, a leader through and through</title>
		<link>http://www.ismailipages.com/497-the-aga-khan-a-leader-through-and-through.html</link>
		<comments>http://www.ismailipages.com/497-the-aga-khan-a-leader-through-and-through.html#comments</comments>
		<pubDate>Sun, 20 Mar 2011 21:08:11 +0000</pubDate>
		<dc:creator>Ismail</dc:creator>
				<category><![CDATA[Ismaili News]]></category>
		<category><![CDATA[aga khan leader]]></category>
		<category><![CDATA[aga khan leadership]]></category>
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		<category><![CDATA[philanthropy aga khan]]></category>

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		<description><![CDATA[When one talks about philanthropy, our minds might run straight to Hollywood celebrities, but the spiritual leader of the world’s Ismaili Muslims has a special niche in that category, writes Edwin Nuwagaba. The Aga Khan was born Prince Karim in 1936 in Geneva and declared healthy despite being premature. He is the son of Prince [...]]]></description>
			<content:encoded><![CDATA[<p style="padding-left: 30px;">When one talks about philanthropy, our minds might run straight to  Hollywood celebrities, but the spiritual leader of the world’s Ismaili  Muslims has a special niche in that category, writes <strong><em>Edwin Nuwagaba. </em></strong></p>
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<p><img class="alignnone size-full wp-image-498" title="Aga Khan Family Photo" src="http://www.ismailipages.com/wp-content/uploads/2011/03/sl004px.gif" alt="Aga Khan Leadership" width="500" height="336" /></p>
<p>The Aga Khan was born Prince Karim in 1936 in Geneva and  declared healthy despite being premature. He is the son of Prince Aly  Khan and his wife Princess Tajudaulah (Joan Yarde-Buller), daughter of  Lord Churston. After spending his early childhood in Nairobi Kenya,  where his early education was done by private tutoring, he attended Le  Rosey School in Switzerland and graduated from Harvard University with  an honours degree in Islamic history in 1959. Aga Khan IV succeeded his  grandfather, Sir Sultan Mahomed Shah, to the Imamat on July 11, 1957 at  the age of 20.</p>
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<p>He is the 49th Imam of the Shia Imami  Nizari Ismailis, the largest branch of the Ismaili followers of the Shia  faith and is the alleged direct descendant of the Islamic prophet  Mohammad through his cousin and son-in-law, Ali, the first Imam, and his  wife Fatimah, Mohammad’s daughter.</p>
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<p>The Aga Khan,  (third right) has not only shown clear headed and focused leadership to  his followers, but has stretched out a generous hand to people outside  his religion. As soon as he was crowned imam, he founded the Aga Khan  Development Network (AKDN), whose work is mostly in Asia and Africa. The  network is a group of development agencies whose interest lies in the  environment, health, education, architecture, culture, microfinance,  rural development and disaster reduction.</p>
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<p>AKDN  conducts its programmes without regard to faith, origin or gender and is  said to be one of the world’s largest private development agencies. But  the Aga Khan has expressed concern about the work of the AKDN being  described as philanthropy.</p>
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<p>“Reflecting a certain  historical tendency of the West to separate the secular from the  religious, they often describe the work of the AKDN either as  philanthropy or entrepreneurship. What is not understood is that this  work is for us part of our institutional responsibility it flows from  the mandate of the office of Imam to improve the quality of worldly life  for the concerned communities.”</p>
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<p>However, this has not  stopped him from giving and reaching out to the poorest of communities.  But to be able to sustain abilities to give, he conducts his  philanthropic work with a business mind.</p>
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<p>The Aga Khan  married his first wife, the famous model Sarah “Sally” Frances  Croker-Poole, who assumed the name HH Begum Salima Aga Khan, on  October  22, 1969 (civil) and October 28, 1969 (religious) at his home in Paris.  The couple were married for 25 years and have three children: Princess  Zahra, born September 18, 1970, Prince Rahim Aga Khan, born October 12,  1971 and Prince Hussain Aga Khan, born April 10, 1974. They divorced in  1995.</p>
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<p>The Aga Khan married his second wife, Gabriele  Thyssen, (fourth right)who assumed the name Begum Inaara Aga Khan.  “Inaara” is derived from Arabic nur, meaning light. They have a son,  Prince Aly Muhammad Aga Khan, born 7 March 2000 and a stepdaughter,  Princess Theresa of Leiningen.</p>
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<p>While he is a Muslim  leader, this suave man passes for a moderate one and for that he has  been criticised by extreme Muslims. Instead of traditional robes, he  often wears suits, a trait that was influenced by his long stay and  studying in the western world. But that, in the first place, is the  reason his grandfather chose him as leader. In his own words, the old  man said that having seen the changes that were taking place in the  world and the numerous discoveries most notably of atomic science, it  was in the interest of the Ismaili community for him to be succeeded by a  man who had grown up and developed in the new age. In fact, his  grandfather skipped the Aga Khan’s father, who was in direct line of  succession. It is because of this that the Aga Khan has sometimes been  referred to as Imam of the Atomic Age by Ismailis.</p>
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<p>He  has individually contributed donations to human causes more than any  individual and most countries. And he is known by economists to take big  risks. While other venture capitalists tend to shy away from third  world countries, he has invested largely in countries like Uganda,  recently investing in hydro electric production at Bujagali Falls.</p>
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<p>His  other investments in Uganda include Industrial Promotion Services,  Kampala Pharmaceuticals Industries Ltd, Leather Industries of Uganda  Ltd, Uganda Fishnet Manufacturers Ltd, West Nile rural Electrification  Co., Diamond Jubilee Investment Trust, Diamond Trust Bank, The Jubilee  Insurance Company, The Monitor Publications Ltd, Aga Han Hospital  Kampala, Aga Khan schools, and Tourism Promotion Services (Uganda) Ltd  (Serena hotels and resorts) among others. Yes, all this may sound like  straight business, but the Aga Khan does it differently from popular  tycoons. He makes money, but it is not his topmost priority.</p>
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<p>What  motivates him is embedded in his famous 1983 quote in India: There are  those who enter the world in such poverty that they are deprived of both  means and the motivation to improve their circumstances. Unless they  can be touched with the spark which ignites the spirit of individual  enterprise and determination, they will only sink into apathy,  degradation and despair. It is for us, who are more fortunate, to  provide that spark.” Spoken like a true leader.</p>
<p>Source: Daily Monitor</p>
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		<title>Minister Kenney Issues Statement Recognizing Imamat Day</title>
		<link>http://www.ismailipages.com/374-minister-kenney-issues-statement-recognizing-imamat-day.html</link>
		<comments>http://www.ismailipages.com/374-minister-kenney-issues-statement-recognizing-imamat-day.html#comments</comments>
		<pubDate>Sun, 11 Jul 2010 11:40:29 +0000</pubDate>
		<dc:creator>Ismail</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[Ismaili News]]></category>
		<category><![CDATA[His Highness Prince Karim Aga Khan]]></category>
		<category><![CDATA[Honourable Jason Kenney]]></category>
		<category><![CDATA[Imamat Day]]></category>
		<category><![CDATA[ismaili muslims]]></category>
		<category><![CDATA[Minister of Citizenship]]></category>

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		<description><![CDATA[OTTAWA, ONTARIO&#8211;(Marketwire &#8211; 07/09/10) &#8211; The Honourable Jason Kenney, Minister of Citizenship, Immigration and Multiculturalism, issued the following statement recognizing Imamat Day: &#8220;This coming Sunday is Imamat Day and I am pleased to join Ismailis in Canada and around the world in marking the anniversary of the accession of His Highness Prince Karim Aga Khan [...]]]></description>
			<content:encoded><![CDATA[<p>OTTAWA, ONTARIO&#8211;(Marketwire &#8211; 07/09/10) &#8211; The Honourable Jason Kenney, Minister of Citizenship, Immigration and Multiculturalism, issued the following statement recognizing Imamat Day:</p>
<p>&#8220;This coming Sunday is Imamat Day and I am pleased to join Ismailis in Canada and around the world in marking the anniversary of the accession of His Highness Prince Karim Aga Khan as Imam of the Shi&#8217;a Ismaili Muslims.</p>
<p>&#8220;Canada has greatly benefited from members of the Ismaili community who have made, and continue to make, great contributions to Canada&#8217;s heritage, culture and society.</p>
<p>&#8220;Just over a month ago, we were honoured to welcome His Highness at a foundation ceremony in Toronto for the Aga Khan Museum &#8211; a permanent home for his collection of Islamic art, as well as other artifacts relating to the intellectual, cultural, artistic and religious heritage of Islamic communities.</p>
<p>&#8220;Sharing the Museum site will be an Ismaili Centre &#8211; which upon completion will be the second such community centre in Canada and one of only a handful in the world.</p>
<p>&#8220;This initiative exemplifies the vision of the Aga Khan, who has exerted a profound influence both within and far beyond his community, and has become an extraordinary example of compassion and tolerance.</p>
<p>&#8220;At the ceremony in late May, in a moment of great pride for Canadians, His Highness was bestowed with honourary Canadian citizenship by Prime Minister Harper.</p>
<p>&#8220;As Prime Minister Harper has said, the Aga Khan&#8217;s &#8216;name has become synonymous with humanitarian aid and development in countries beset by conflict and poverty. Just as importantly, he has worked tirelessly as a bridge-builder between faiths and cultures.&#8217;</p>
<p>&#8220;For all Canadians, Imamat Day provides an excellent opportunity to learn more about the significant and remarkable contributions of the Aga Khan and the Canadian Ismaili community.</p>
<p>&#8220;As Minister of Citizenship, Immigration and Multiculturalism, I extend sincere congratulations to His Highness Prince Karim Aga Khan on the 53rd anniversary of his accession as Imam, and sincere gratitude for his continued commitment to Canada.&#8221;</p>
<p>Source: http://finance.yahoo.com/news/Minister-Kenney-Issues-iw-3498499731.html?x=0&amp;.v=1</p>
<h2>Imamat Day Mubarak!</h2>
<p>Fifty-three years ago, on the 11th of July 1957, Mawlana Hazar Imam succeeded his grandfather, Mawlana Sultan Mahomed Shah, as the 49th hereditary Imam of the Shia Ismaili Muslims.</p>
<p>In keeping with the 1400-year old tradition of Muslim leadership, covering all interpretations of Islam, Mawlana Hazar Imam has guided his murids in matters of faith and worked tirelessly to improve the quality and security of their lives. This latter concern extends not only to the Ismailis but all those who share their lives – locally, nationally and internationally.</p>
<p>Mawlana Hazar Imam&#8217;s vision, global outlook, and insights into the human condition, as well as the Imamat&#8217;s institutional capacity to catalyse human development, have been widely recognised by governments, international organisations and civil society institutions. Today, the Imamat’s privileged relationships with many of these enhance its capacity to contribute to human development on a global scale.</p>
<p>Imamat Day is an occasion to reaffirm our allegiance and gratitude to Mawlana Hazar Imam for his benevolence and guidance, and to renew our commitment to the ethics of the faith. On the occasion of the 53rd anniversary of Mawlana Hazar Imam&#8217;s accession to the Ismaili Imamat, <em>TheIsmaili.org</em> extends warmest Imamat Day wishes to all Ismaili Muslims around the world.</p>
<p>Source: http://www.theismaili.org/cms/1032/Imamat-Day-Mubarak</p>
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		<title>Muslim leader seeks to make Canada a model for the world</title>
		<link>http://www.ismailipages.com/351-muslim-leader-seeks-to-make-canada-a-model-for-the-world.html</link>
		<comments>http://www.ismailipages.com/351-muslim-leader-seeks-to-make-canada-a-model-for-the-world.html#comments</comments>
		<pubDate>Fri, 28 May 2010 19:40:38 +0000</pubDate>
		<dc:creator>Ismail</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[Islamic Articles]]></category>
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		<category><![CDATA[aga khan]]></category>
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		<category><![CDATA[Rita Hayworth]]></category>
		<category><![CDATA[spiritual leader of 15 millio]]></category>
		<category><![CDATA[Uganda in 1972]]></category>

		<guid isPermaLink="false">http://www.ismailipages.com/?p=351</guid>
		<description><![CDATA[He is a jet-setting billionaire, owner of one of the world’s renowned horse-racing stud farms, and an admired philanthropist who briefly called Rita Hayworth his stepmother. He is also a direct descendant of the Prophet Mohammed and the spiritual leader of 15 million Ismaili Muslims around the globe. The Aga Khan, a beloved figure who [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignnone size-full wp-image-352" title="ismail28nw3_jpg_669862gm-a" src="http://www.ismailipages.com/wp-content/uploads/2010/05/ismail28nw3_jpg_669862gm-a.jpg" alt="" width="360" height="253" /></p>
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<p>He is a jet-setting billionaire,  owner of one of the world’s renowned horse-racing stud farms, and an  admired philanthropist who briefly called Rita Hayworth his stepmother.</p>
<p>He  is also a direct descendant of the Prophet Mohammed and the spiritual  leader of 15 million Ismaili Muslims around the globe.</p>
<p>The Aga  Khan, a beloved figure who is both the spiritual guide and secular role  model for Canada’s 100,000 Ismailis, is in Toronto on Friday to lay the  foundation for an Islamic museum and cultural centre. The construction  on Canadian soil of the largest Islamic museum in the English-speaking  world marks a significant milestone for a community that arrived here,  nearly destitute, 38 years ago. In the last four decades, Ismailis have  emerged as a remarkable success story. Their smooth integration is seen  as one of the reasons the Aga Khan, a keen admirer of this country,  promotes Canadian-style pluralism as a model for the world.</p>
<p>It was  not long before Idi Amin expelled Asians from Uganda in 1972  that the Aga Khan first called prime minister Pierre Trudeau to plan a  possible escape route for his people. The two leaders were friendly with  one another, and the Aga Khan recognized that the situation for  Ismailis in East Africa was growing more precarious by the day. When the  axe fell and Mr. Amin began appropriating Ismaili businesses and  property, Mr. Trudeau didn’t hesitate to offer safe haven, according to  his biographer, John English.</p>
<p>About 5,000 Ismailis came to Canada  in that initial phase, and a further 5,000 Ismaili Asians from other  East African countries arrived not long after. The community has since  grown across Canada as members of the Ismaili diaspora from Pakistan, Afghanistan,  Iran and elsewhere have relocated here. In a short time, Ismailis have  become leading figures in politics, business and the professions, with  prominent people including Rogers CEO Nadir Mohamed and  Senator Mobina Jaffer.</p>
<p>Ali Shallwani, who owns a  teaching-supply store in Oakville, Ont., came to Canada from Pakistan in  1976. He said one of the most influential moments of his life was when,  in the early 1990s, he heard the Aga Khan say to Canadian Ismailis,  “Make Canada your home.” Mr. Shallwani had just been granted a U.S. work  permit, but returned to Canada within a year.</p>
<p>“His saying played a  significant role in my decision to return,” Mr. Shallwani said. “I  think [the Aga Khan] finds Canadian society to be more tolerant, which I  agree with.”</p>
<p>That command, to make Canada home, is a phrase many  other Ismailis describe as resonant, according to Shamir Allibhai,  producer of a documentary about the spiritual leader. The Aga Khan  encouraged Ismailis to engage with their new society, to emphasize  education, integrate into the community and volunteer for the common  good. They attribute much of their success in Canada to his leadership,  he said.</p>
<p>“His emphasis on Canada is not found anywhere else in the  Ismaili world,” Mr. Allibhai said. “The Aga Khan sees Canadian civil  society as one that can be exported to other countries.”</p>
<p>The  Ismailis belong to a relatively small Shia Muslim sect, one that for the  last 150 years has had fairly close ties with the West. The Aga Khan’s  grandfather passed the Imamat directly to the current Aga Khan in 1957,  when he was just a 20-year-old undergraduate at Harvard University.  His father, who had married film star and sex symbol Rita Hayworth a  few years before, was bypassed because it was felt that a young leader  was needed for the atomic age.</p>
<p>Thrust into the spotlight, the Aga  Khan emerged as both a moderate, thoughtful leader and a charismatic  figure of some international celebrity. He skied for Iran in the  Olympics and, though he devotes most of his attention to his foundation  and development projects, he also owns one of horse racing’s most  successful breeders. His greatest horse, Shergar, valued at close to  $20-million, was kidnapped from a farm in Ireland in 1983 and never seen  again.</p>
<p>Shafique Virani, a professor of Islamic  studies at the University of Toronto, describes the Aga Khan as “one of  the very forward-looking leaders of the Muslim world.”</p>
<p>“He’s very  much involved with the concept of pluralism,” Prof. Virani said. He  added that the leader’s fascination with Canada stems from the  impression that the country, thanks in part to its policy of official  multiculturalism, has created a society where people of different  backgrounds can get along, and where that ideal is taught, absorbed and  passed on.</p>
<p>The tensions of the post-9/11 world, with its often  oversimplified and false impressions of Islam, have been an ongoing  concern for the Aga Khan. He has also been heavily involved in  development projects in Afghanistan and Pakistan, where much of the  violent fallout from the Sept. 11 attacks is still unfolding.</p>
<p>“Our  world is really torn apart right now, and there’s this concept of the  clash of civilizations,” Prof. Virani said. “He’s put forward a thesis  that says it’s not really a clash of civilizations that we have, but a  clash of ignorance.”</p>
<p><span style="font-size: x-small;"><em>Source: http://www.theglobeandmail.com/news/national/<br />
muslim-leader-seeks-to-make-canada-a-model-for-the-world/article1583737/</em></span></p>
<div id="credit">
<p id="byline"><span style="font-size: x-small;"><em>Joe Friesen  Demographics Reporter</em></span></p>
<p id="source-dateline"><span style="font-size: x-small;"><em>From Friday&#8217;s Globe and Mail<br />
Published on Thursday, May. 27, 2010 11:14PM EDT<br />
Last updated on Friday, May. 28, 2010 8:34AM EDT</em></span></p>
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		<title>Roshan Selects Arbinet International Voice Services</title>
		<link>http://www.ismailipages.com/340-roshan-selects-arbinet-international-voice-services.html</link>
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		<pubDate>Tue, 25 May 2010 02:25:36 +0000</pubDate>
		<dc:creator>Ismail</dc:creator>
				<category><![CDATA[General]]></category>
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		<category><![CDATA[Arbinet's Carrier Services]]></category>
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		<description><![CDATA[Partnership With Arbinet Enables Roshan to Extend Its Reach and Directly Interconnect With Leading International Voice Carriers WASHINGTON, DC, May 24, 2010 (MARKETWIRE via COMTEX) &#8212; Arbinet Corporation /quotes/comstock/15*!arbx/quotes/nls/arbx (ARBX 1.86, 0.00, 0.00%) , a leading wholesale voice and data telecommunications service provider, announces today at International Telecoms Week (ITW) that Roshan, the leading GSM [...]]]></description>
			<content:encoded><![CDATA[<h2>Partnership With Arbinet Enables Roshan to Extend Its Reach and Directly Interconnect With Leading International Voice Carriers</h2>
<p>WASHINGTON, DC, May 24, 2010 (MARKETWIRE via COMTEX) &#8212; Arbinet Corporation  					/quotes/comstock/15*!arbx/quotes/nls/arbx 							(<a title="Arbinet-thexchange Inc" href="http://www.marketwatch.com/investing/stock/ARBX">ARBX</a> <strong>1.86</strong>, 							0.00, 							0.00%) 					, a leading wholesale voice and data telecommunications service provider, announces today at International Telecoms Week (ITW) that Roshan, the leading GSM cellular service provider in Afghanistan, has contracted to utilize Arbinet&#8217;s thexchange(TM) marketplace to buy and sell international voice communications and PrivateExchange(SM) to facilitate direct interconnects between it and correspondent carriers and bi-lateral partners.</p>
<p>By utilizing Arbinet&#8217;s thexchange, Roshan gains access to a platform where more than 1,100 carriers and service providers trade, route, manage and settle voice traffic. Roshan can source high quality routes that allow it to provide its retail customers with cost-effective international voice services. It can offer its own routes to the marketplace in an easy and cost-effective manner. Arbinet&#8217;s CreditWatch(SM) credit management and settlement technology, which is backed by third-party underwriting, guarantees fast, reliable payments for traffic received.</p>
<p>With PrivateExchange, Roshan can interconnect directly with corresponding bi-lateral partners over Arbinet&#8217;s network. Arbinet will manage routing, billing and settlements, and provide any necessary TDM or VoIP protocol conversions. Roshan and its corresponding service provider partners will negotiate pricing and volume commitments directly between themselves.</p>
<p>&#8220;Arbinet&#8217;s thexchange and PrivateExchange services are a key part of Roshan&#8217;s strategy to provide high-quality and reliable telecommunications service to the people of Afghanistan,&#8221; states Karim Khoja, chief executive officer, Roshan. &#8220;Using Arbinet&#8217;s thexchange marketplace to trade traffic gives Roshan access to a majority of global service providers and carriers to buy and sell voice traffic. By using PrivateExchange, we will be able to easily develop bi-lateral routes and send and receive traffic with designated telecommunications providers. Both these services enable Roshan to easily and efficiently work with the international marketplace to provide customers with unmatched quality, reliability and value.&#8221;</p>
<p>&#8220;We are very pleased with Roshan&#8217;s selection and utilization of our voice services,&#8221; states Dan Powdermaker, Arbinet&#8217;s Senior Vice President of Sales and Marketing. &#8220;With one interconnect, Roshan gains access to two unique International Voice Services. In an industry where most operators are looking for new efficiencies when delivering international voice services to their end-users, Arbinet&#8217;s PrivateExchange and thexchange services give Roshan high-quality voice access to carriers and service providers across the world with unmatched flexibility.&#8221;</p>
<p>Arbinet offers three ways for carriers and service providers to originate and terminate international voice traffic. PrivateExchange is an easy to use, low-risk outsourcing approach that enables service providers to create virtual direct routes and aggregate existing interconnects. thexchange is the industry&#8217;s leading marketplace for buying and selling voice communications. Arbinet Carrier Services is a standard wholesale service with no fees, a single invoice and rate lock. It uses supplier codes in its wholesale routing plans.</p>
<p>For more information about Arbinet&#8217;s Carrier Services, thexchange(TM), or PrivateExchange(SM), please visit <a href="http://www.arbinet.com/">www.arbinet.com</a> or e-mail sales@arbinet.com.</p>
<p>About Arbinet  Arbinet is a leading provider of international voice and IP solutions to carriers and service providers globally. With more than 1,100 carriers across the world connected to Arbinet&#8217;s network, Arbinet combines global scale with sophisticated platform intelligence, call routing and industry leading credit management and settlement capabilities. Customers and suppliers include many leading fixed line, mobile, wholesale and VoIP carriers as well as calling card, ISPs and content providers around the world who buy and sell voice and IP telecommunications capacity and content. For more information, please visit <a href="http://www.arbinet.com/">www.arbinet.com</a> or call +1.917.320.2000 or email sales@arbinet.com.</p>
<p>About Roshan  Roshan (Telecom Development Company Afghanistan Ltd) is Afghanistan&#8217;s leading telecommunications provider, with coverage in over 230 cities and towns and approximately 3.6 million active subscribers. Roshan directly employs more than 1,100 people and provides indirect employment to more than 30,000 people. Since its inception seven years ago, Roshan has invested over $450 million in Afghanistan and is the country&#8217;s single largest investor and tax payer. Roshan is deeply committed to Afghanistan&#8217;s reconstruction and socio-economic development. The Aga Khan Fund for Economic Development (AKFED), part of the Aga Khan Development Network (AKDN), is a major shareholder of Roshan and promotes private initiatives in building economically sound enterprises in the developing world. Also owned in part by Monaco Telecom International (MTI) and TeliaSonera, Roshan brings international expertise to Afghanistan and is committed to the highest standards of network quality and coverage for the people of Afghanistan.</p>
<p>Forward-Looking Statements  This press release may contain forward-looking statements, including forward-looking statements regarding anticipated future revenues, growth, capital expenditures, management&#8217;s future expansion plans, expected product and service developments or enhancements, discussions of strategy, and future operating results. Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as: &#8220;believes,&#8221; expects,&#8221; &#8220;intends,&#8221; &#8220;may,&#8221; &#8220;will,&#8221; &#8220;should,&#8221; &#8220;confident,&#8221; &#8220;work to,&#8221; &#8220;seeks,&#8221; or &#8220;anticipates,&#8221; or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy. Various risks and uncertainties may cause Arbinet&#8217;s actual results to differ materially from those express or implied in such forward-looking statements. Please refer to Arbinet&#8217;s most recent Annual Report on Form 10-K and other periodic and current filings that have been filed with the Securities and Exchange Commission for a description of the risks and uncertainties that Arbinet faces. Arbinet assumes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, and such statements are current only as of the date they are made.</p>
<p>SOURCE: Arbinet Corporation</p>
<pre><a href="http://www2.marketwire.com/mw/emailprcntct?id=D5F1CA514DB70637">http://www2.marketwire.com/mw/emailprcntct?id=D5F1CA514DB70637</a><a href="http://www2.marketwire.com/mw/emailprcntct?id=C0BF42A975A9BF7E">

http://www2.marketwire.com/mw/emailprcntct?id=C0BF42A975A9BF7E</a>
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		<title>‘Sandwich generation&#8217; has a full plate</title>
		<link>http://www.ismailipages.com/228-%e2%80%98sandwich-generation-has-a-full-plate.html</link>
		<comments>http://www.ismailipages.com/228-%e2%80%98sandwich-generation-has-a-full-plate.html#comments</comments>
		<pubDate>Mon, 01 Jun 2009 21:44:17 +0000</pubDate>
		<dc:creator>Ismail</dc:creator>
				<category><![CDATA[Ismaili News]]></category>
		<category><![CDATA[education]]></category>
		<category><![CDATA[golden years]]></category>
		<category><![CDATA[ismaili kids]]></category>
		<category><![CDATA[ismaili muslims]]></category>
		<category><![CDATA[RESP]]></category>

		<guid isPermaLink="false">http://www.ismailipages.com/?p=228</guid>
		<description><![CDATA[Families saving for their children&#8217;s futures and that of aging parents find little is left for their own golden years They have yet to tackle Grade 8 science, but today Seliya dreams of being a teacher or dermatologist and Rahim wants to be a surgeon or an astronaut. With that in mind, their parents, Al-Karim [...]]]></description>
			<content:encoded><![CDATA[<blockquote><p>Families saving for their children&#8217;s futures and that of aging parents find little is left for their own golden years</p></blockquote>
<p>They have yet to tackle Grade 8 science, but today Seliya dreams of being a teacher or dermatologist and Rahim wants to be a surgeon or an astronaut.</p>
<p>With that in mind, their parents, Al-Karim and Mina Mawani, have been saving as much as they can – for Seliya&#8217;s and Rahim&#8217;s university education, but also to care for Ms. Mawani&#8217;s aging parents, who live two blocks away from their home in Richmond Hill, Ont.</p>
<p>When it comes to socking away money for their golden years, the Mawanis are no different from others in the so-called sandwich generation.</p>
<p>“My husband and I think of that as a third priority,” Ms. Mawani said.</p>
<p>“We have to sit down and say to ourselves, ‘Okay, it&#8217;s still going to be another 20 years of working life.&#8217; And right now the priority is that in nine years my daughter will go to university, in less than nine years my parents may need more support. When you look at the time frame, we keep thinking these are the first two priorities.”</p>
<p><img class="size-full wp-image-229 alignnone" title="pension_family_ma_50441artw" src="http://www.ismailipages.com/wp-content/uploads/2009/06/pension_family_ma_50441artw.jpg" alt="pension_family_ma_50441artw" width="500" height="305" /><br />
<em>Al-Karim Mawani and Mina Mawani are shown in their Richmond Hill, Ont., home with son Rahim and daughter Seliya. The Mawanis are trying to save for their children and care for their elderly parents, but they don’t have pension plans and their RRSPs have been hit hard by the market meltdown.</em></p>
<p>Ms. Mawani, 42, an executive officer for the Aga Khan Council for Canada, and her 44-year-old husband, a family physician, are by no means struggling. But they don&#8217;t live lavish lives, either.</p>
<p>Neither have pension plans, and like other Canadians, their retirement investments have been hit hard by the market meltdown.</p>
<p>Their story, echoed by many others, is worrisome to Finance Minister Jim Flaherty and his provincial counterparts who have launched a study on retirement savings that some hope could lead to a new savings scheme for Canadians.</p>
<p>The Mawanis began building their RRSPs soon after they graduated from university. They still set aside money, but other priorities have taken hold.</p>
<p>Ms. Mawani&#8217;s parents, at the age of 70 and 66, live off their retirement savings, but they don&#8217;t have medical insurance.</p>
<p>In Ms. Mawani&#8217;s Ismaili-Muslim culture, children look after their parents, and so her siblings do as much as they can to contribute.</p>
<p>The Mawanis live closest to the retired couple and take care of a good portion of the expenses, which are bound to keep increasing as her parents grow older.</p>
<p>They could be looking at nursing help down the road, for example.</p>
<p>The other worry is the rising cost of a university education.</p>
<p>The couple took out RESPs for Seliya, 9, and seven-year-old Rahim, but know it will not be enough.</p>
<p>She believes that the working group should also examine the cost of a university education and how children can enter the knowledge society “without having all us parents break our backs to do that.”</p>
<p>She also believes that programs for seniors should be discussed, which, in turn, would help the sandwich generation and encourage people like her to keep saving for their retirement.</p>
<p>“If they were to help out more with the seniors, then I wouldn&#8217;t have this heavy heart thinking that I need to make sure that I have enough money to support my parents, and make sure I have enough money when I hear about how much university will cost in 10 years,” Ms. Mawani said.</p>
<p>“It&#8217;s not like we have millions saved up. We&#8217;re saving and we say to ourselves that we&#8217;ve got another 10, 15, 20 years of working life. We base our entire premise on that. If I were to become disabled, or he were to become disabled, or something were to happen to one of us, that&#8217;s what we worry about.”</p>
<p>“If that were to happen, I think it would be a really bad situation.”</p>
<p>Source: <a href="http://www.theglobeandmail.com/news/national/sandwich-generation-has-a-full-plate/article1162362/">http://www.theglobeandmail.com/news/national/<br />
sandwich-generation-has-a-full-plate/article1162362/</a></p>
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