Sat 17-04-2021 17:42 PM
Total number of endowments registered by Awqaf and Minors Affairs Foundation at the end of 2020 rises to 717
DUBAI, 17th April, 2021 (WAM) H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, and First Deputy Chairman of The Executive Council of Dubai said the efforts of the Awqaf and Minors Affairs Foundation (AMAF) have helped realise the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai to enhance the role played by the waqf (endowments) system in the country’s sustainable development.
The Foundation has played a particularly important part in realising the leadership’s goal of expanding the scope of endowments to include all areas of development including culture, healthcare, education and scientific research, Sheikh Maktoum added.
Dubai: By the end of 2020, the total number of endowments registered by the Awqaf and Minors Affairs Foundation in Dubai stood at 717, representing a total value of Dh7 billion. These endowments have been registered by 442 endowers.
Of the 717 endowments, 683 are real estate endowments and 34 financial endowments (including stocks and financial assets). Philanthropic endowments accounted for 622, Islamic family endowments 64, and joint endowments 31. Women donated 97 endowments while 29 were provided by institutions.
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and First Deputy Chairman of The Executive Council of Dubai, said the efforts of the Awqaf and Minors Affairs Foundation (AMAF) have helped realise the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to enhance the role played by the waqf (endowments) system in the country’s sustainable development.