GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Government, Legal and Humanity

 
  Share

Dubai-UAE: 10 January, 2017:  The Awqaf and Minors Affairs Foundation (AMAF) announced the expenditure of the entire amount of its five endowment funds estimated at AED49 million in 2016. AMAF's endowment funds are categorized under Islamic affairs, social affairs, healthcare, education, and righteousness and piety. 

The Islamic affairs endowment fund ranked first in expenditure - disbursing AED41.3 million during 2016, representing approximately 84 percent of the overall budget for the year. AMAF further designated a sum of AED4.4 million towards the causes of righteousness and piety (making up about nine percent of the total spend), followed by AED1.6 million (three percent) towards social affairs, AED1.3 million (three percent) towards healthcare, and AED700,000 (one percent) towards education.  

His Excellency Khaled Al Thani, Deputy Secretary General of AMAF, said: “In line with the directives of our wise leadership, our Foundation manages, invests and spends endowment funds to address and resolve some of the most pressing social challenges. As part of our efforts to reinforce the leading position of Dubai and the UAE in charitable and humanitarian work, we are keen to finance initiatives that align with our vision and goals, and enhance social solidarity.”  

He added: “We normally direct 40 percent of all AMAF's revenues towards reconstruction projects and 60 percent towards our endowment funds that are used in accordance with the donors' specifications and comply with the noble objectives of Islamic sharia. Our annual plan for 2016 allocated the total spend towards helping those social segments that were most in need. We have no doubt that our contribution made a significant difference to the lives of thousands of people in the UAE and around the world.” 

In addition to the five main endowment funds, AMAF also manages private funds. Among the most notable ones is the endowment of the late Mohammad Ahmad Beghlaf, which supports diverse religious, healthcare, social and humanitarian initiatives across the globe.  



Posted by : GoDubai Editorial Team
Viewed 8095 times
Posted on : Tuesday, January 10, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Dubai Carbon Projects Reduce Carbon Emissions Worth AED 5 million
Next Story : 3rd Edition - GCC Waste Management & Recycling Forum Dubai 2017
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Meet the FOREO family as they share their top tips for radiant skin during the ...
LOOTAH Perfumes launches four new springtime fragrances for Him and Her
Amani Glam Collection
Three Trends to Try with Palladio Beauty
LOOTAH Perfumes launches fragrant oud ‘Ambwood'
Experience 5 Seconds to New Skin with OXYGEN-PEEL from Filorga
Lip Stick to my Heart - GOSH New Collections
bebe Launches First Ever Ramadan Capsule Collection
Carrera UAE Exhibition
Lexus sweeps two podium finishes at round two of 2018 AUTOBACS SUPER GT 500 series
Max Fashion Reveals Latest 2018 Fashion Trends at Exclusive Trunk Show
Care for your baby's sensitive skin with Corine de Farme
Ramadan-Inspired Sandro SS18 Pieces
New Master Maserati Driving Courses for 2018
Spinneys Puts Local Food Heroes in the Spotlight this Ramadan
Toyota Rush makes a new beginning in the UAE
‘Tree of Life' Continues to Change Lives at Arabian Center, This Ramadan
Ethereum - Second In A Series Of Exclusive Cryptocurrency Watches Launched
Enhance your natural beauty while staying active with The Body Shop's Sportify M...
Beautiful Kaftans for Ramadan from GUESS
RAK Diabetes Center in Jumeirah offering Free Lifestyle wellness checks and Diet...
Global Light and Power Celebrates 10 Years with the Opening of their New Showroo...
Mads Mikkelsen Spotted on Red Carpet at Cannes Wearing Ulysse Nardin Masterpiece
Get Voluminous Eyelashes and Eyebrows with Rodial's Lash and Brow Booster Serum
Dubai Holy Quran Radio launches new special programmes for Ramadan
Pottery Barn Kids Launches Baby Registry Service to Welcome Newborns
HydroPeptide Launches Solar Defense Products in UAE
Diabetes & Ramadan (DAR) Alliance and Sanofi introduce new integrated digital hu...
Make Ramadan Better With the Gift of Sharing
Marchon Eyewear New Collections
Aru Impressed with Team Spirit as Italian Champion Secures Top Ten Finish
The Balmain de Balmain II Mini is a true win-win
Ikea Yas Island Recognised as One of the Brand's Best Stores in the World
Facebook Launches Youth Portal, a Central Place for Teens
Hour Choice Presents Coach Perry Collections – Ramadan Exclusive
Celebrate The Holy Month Of Ramadan With The Night Picnic At Tub Of Butter
Karl Lagerfeld Celebrates Fall / Winter 2018 Collection
Stay connected with your loved ones this Ramadan season with the Nokia smartphones
Breitling's Navitimer 8 Collection Arrives in The Middle East
Charlotte Tilbury, the World's #1 Celebrity Makeup Artist, Announces the Opening...
CND™ Boho Spirit: The Collection Summer 2018 Shades
Global Rollout of LGG7 Thinq Gets Underway
LG G7 Thinq Offers Deep AI Integration for Maximum User Convenience
Google launches new feature on Search to mark Ramadan
Do Explore More with Pandora
Elvis Presley's OMEGA Sells for a World Record CHF 1,500,000 at Auction
Celebrate Father's Day in 'Swiss Style' with Raymond Weil.
Etihad Airways Introduces Ai Robot Sophia to Abu Dhabi
Caudalie The Cleansing Collection
Pick what suits you from essence Spring/Summer 2018 nail polish collection