His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, stressed that the excellence of the endowment system in the emirate is due to the keenness of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God bless him, to lay the sound foundations for activating The role of the endowment in the service of sustainable development goals, and the organization of the contributions of its pioneers and the development of its tributaries, whether through legislative frameworks, or by launching projects and initiatives that all serve to preserve the endowment allocations and enable the owners of white hands to contribute to strengthening the cohesion and cohesion of society so that everyone can enjoy a decent life.
His Highness the Crown Prince of Dubai commended the important role played by the Awqaf and Minors Affairs Foundation in Dubai and since its establishment fifteen years ago, both in terms of legal frameworks on endowments, their care and the preservation of the endowment funds and their investment in the correct way that guarantees its development, and the identification of legitimate banks for its rent, stressing His Highness that The demand for registering more endowments is nothing but evidence of the value of giving in the Emirati society and the desire of everyone to participate in one way or another in achieving the benefit and the sustainable good of people, which is one of the important guarantees for stability and societal development and helps to sustain the resources An endowment within a clear framework of specific regulatory standards.
This came on the occasion of the registration of the Endowment and Minors' Affairs Foundation in Dubai, the number 700 endowment, bringing the total value of the endowment assets registered with it in the Emirate of Dubai to about six billion dirhams, belonging to 428 endowments and endowments who have registered those endowments with the Foundation for a period of about 15 years since its inception in the year 2004.
The participation of women In the past two years, the participation of women constituted 50% of the total shareholders of the Foundation’s endowments, while the shareholders of the Endowments distributed over fifteen years by 310 endowments provided by men, 92 endowments provided by women, and 26 endowments provided by entities and institutions.
The 700 endowments were distributed on the charitable endowment with the share of 611 endowments, the atomic endowments by 59 endowments and the joint endowment with 30 endowments out of the total endowments, while the quality of the 700 endowments was in the form of a number of 619 endowments, in addition to 53 endowments in the form of a legacy of no heir and 28 endowments in the form of wills Giveaways.
As for the level of endowments; It was distributed by 538 endowments on buildings and endowment stores, 108 residential villas, 21 endowment lands, 19 financial endowments, 13 stock stipulations and one commercial license.
Of these endowments 445 endowments were allocated to mosques, 157 to the Righteous and Piety Bank, 59 to the families of the endowments, and 26 to orphans. The remaining endowments were distributed to education, people of determination, watering, health, pilgrims and building mosques.
His Excellency Issa Al Ghurair, Chairman of the Board of Endowments and Minors Affairs Foundation said: “The endowment is a positive and sustainable mechanism for empowering society and supporting its various segments, and the continuous growth of numbers of endowments managed by the Foundation and provided by those who are keen on charitable and humanitarian work of individuals and institutions, is an embodiment of the vision and directions of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God bless him, aiming to enhance the role of the endowment in serving and sustaining the economic and social goals of the state, and affirms the values of a coherent and coherent society stipulated in the Dubai Plan 2021. " He added: "Our goal is to continue achieving growth in our charitable and humanitarian work in a way that equates to our economic growth in accordance with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, to strengthen Dubai's position as a global capital for innovation in the endowment and the consolidation of its concept." In turn, His Excellency Ali Al-Mutawa, Secretary General of the Awqaf and Minors' Affairs Foundation said: "The vision of developing the endowment from which we start means continuing innovation in it and allowing everyone to contribute to its various banks, in addition to expanding its uses to include the various segments of society and its sectors. The past two years are an indication of the success of the endowment principle for all that we adopt in the institution.
His Excellency affirmed that the organization’s registration of the hundreds of endowments that it has worked on over the past 15 years is an indication of the values of giving and giving that have always distinguished the UAE, and has made it a global model for charitable and humanitarian work and the values of tolerance, giving, relief and caring for those in need.
Latifa Abdullah Al-Naimi, owner of Endowment No. 700, said: “The endowment is life because it is a sustainable charitable and social work that continues to affect, and I encourage all lovers of giving and giving to sustain the effects of their bid by allocating it to the endowment that benefits the broader segments and achieves results whose impact remains for generations.” She added: "Today there are endowments around the world that are tens or even hundreds of years old. The most prominent example is the stop of the water well that Othman bin Affan, may God be pleased with, stopped for more than 1400 years. Endowments are many types and are available to all, including educational or hospital endowments or those designated For infrastructure or caring for the groups of society in need of support and assistance, and I thank the Dubai Endowment and Minors Affairs Foundation for providing the opportunity to endowers, donors and donors to create innovative endowments, as well as opening it up to contribute to endowments for all. ”