His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has announced the launch of 'Endowment Sukuk', available to both individuals and companies.
Sheikh Hamdan said the investment will start at AED100 million with proceeds going towards health, educational and humanitarian projects.
His Highness tweeted, “Dubai is a pioneer in launching innovative initiatives not only in the economic and development sectors, but also in the humanitarian field. The Endowment Sukuk will support companies’ contributions in charity projects.”
أطلقت دبي اليوم عبر مركز محمد بن راشد لاستشارات الوقف "صكوك الوقف" … منتج انساني خيري مبتكر يتم الصرف من عوائده على المشاريع الصحية والتعليمية والانسانية مع حفظ الأصول .. البداية بمائة مليون درهم .. ومتاح لمساهمة الشركات والأفراد لمن يسعى للخير في هذا الشهر الفضيل .. pic.twitter.com/pUFQvlz6G0
— Hamdan bin Mohammed (@HamdanMohammed) April 12, 2022
Sri Lankan President thanks UAE for flood relief efforts
Dubai’s beaches, parks reopen as weather improves
Some Dubai flights cancelled due to adverse weather conditions
Dubai deploys special patrols, emergency crew to monitor traffic during rains
Dubai private schools to shorten Friday hours from January
UAE leaders congratulate Morocco on FIFA Arab Cup win
UAE ministry urges remote work for private sector in weather-hit areas
UAE completes loading aid ship with 10 million meals for Gaza
