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 6570 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
Grand Optics exclusive: Le Specs eyewear collection LUXE Nucleus
Grand Optics exclusive: Le Specs Eyewear Collection Escape to the Exotic
Introducing Parfums De La Bastide, an Artisanal Maison de Parfum inspired by Pro...
Grand Optics Exclusive: MARNI eyewear collection
Chaumet - Imperial Splendours, The Art of Jewellery Since the 18th Century
From a House to a Smart Home: LG Smart Technology Helps Make Homes More Comforta...
Gold Collagen® to Launch in Dubai, May 2017
GKhair celebrates 10 years of success at Beautyworld Middle East
Dubai's largest Ramadan Night Market is Back!
Azraq, the world's first refugee camp powered by renewable energy
Aab Modest Wear Launches in the UAE
LG showcases a future of multiple savings with trendsetting smart homes
Lexus Unveils All-New LC luxury Coupe to Open a New Chapter in Brand History
Kiko Milano Launches Tropic Heat - A Collection Full of Energy, Colour and Vibrancy
Doha Bank Wins “Best Regional Commercial Bank” at Banker Awards 2017
Celebrate the Joy of Ramadan with IKEA'S Latest Collection
Brand New Flagship ZIPPY store Opens in Dubai Mall Today
Monsoon and Accessorize have it covered for Ramadan 2017
Travel in style with these summer essentials from ban.do, Ted Baker, Tatty Devin...
Wella Koleston: Get ready for an Eid celebration that shimmers bright with color!
MICHAEL KORS Mens' Accessories
Stunning New Collections from Jaguar and Land Rover
Beautyworld Middle East 2017 opens with 11.5 per cent year-on-year growth featur...
Perfecting the Journey with TUMI 19 Degree Global Campaign
Esposa Privé's Ramadan Collection Lands in Dubai & Abu Dhabi
COÉGA Sunwear Swim Essentials
Rado Features Two Timepieces for the Perfect Father's Day Gift
Celebrate the Warmth of Ramadan With Graceful Shades from Baume & Mercier
Exotic Perfume Worth Over AED 608,000 a Bottle Draws Fragrance Buffs at Beautywo...
EUROSTAR Group expands its beauty and personal care product portfolio
Dubai Chamber announces winners of Dubai Smartpreneur Competition
Bubble 42 Juliette Jourdain - The Girl with the Pearl Bubble
Siemens partners with SACGC to boost industrial technology skills in Kuwait
Volvo Cars partners with Google to build Android into next generation connected cars
Sony Mobile Xperia XZ Premium available for pre-order online and in stores in UAE
Pamper Your Loved Ones This Ramadan With Les Classiques Fragrances, a Timeless C...
Carl F. Bucherer Manero PowerReserve
Growing focus on healthy & balanced meals, festivities, is the new spirit of Ram...
Symrise to Showcase Exclusive Products at BeautyWorld Middle East
British Orchard Nursery Wins 3 Coveted Awards at Dubai's Premier International B...
The world's first SOAPENIR, is the ultimate Ramadan gift for loved ones
The Modern Designs of West Elm's New Summer Collection Unveiled
Nikai introduces the 75 inch Smart LED TV
DeLaCour Crafts a Resplendent Salute to Women with the Passion
Danube Properties Redefines Affordable Housing with ‘Bayz'
SAINT HONORE Charisma Twist
HH Sheikh Ahmed Opens Airport Show 2017 on Robust Growth in Aviation
End your fast in style and true culinary brilliance with Cocoa Kitchen
Ulysse Nardin Marine Regatta
New Auto Gate System Opens at Hutchison Ports SOHAR