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Is it morally right to give money or other valuable items to slave owners for the freedom of slaves?

Yes, when there is no better way to affect liberation, and when the families of the enslaved and the leaders of the victimized community desire it. In Sudan, the government in Khartoum, the UN, and the rest of the international community, including the NGOs, have failed to produce a more effective system for liberating slaves.  The redemption of slaves is sanctioned by the Judeo-Christian tradition. The great 12th century Jewish scholar Maimonidies judged that the redemption of slaves was a religious obligation. Two Catholic orders, the Trinitarians and the Mercedores were established explicitly for the purpose of redeeming slaves. Fredrick Douglas was a redeemed slave, as was Mother Bakhita - Sudan’s only canonized saint.