Dubai PR Network, Online Press Release from Dubai and Middle East
 
Charity & Humanity(Government, Legal & Humanity)
Filter PR by
  
Awqaf and Minors Affairs Foundation Partners with Khalaf Ahmad Al Habtoor Foundation for Charity to Develop Residential and Commercial Building for Endowment
 
Awqaf and Minors Affairs Foundation Partners with Khalaf Ahmad Al Habtoor Foundation for Charity to Develop Residential and Commercial Building for Endowment

Dubai-UAE: 22 December, 2016:  Awqaf and Minors Affairs Foundation (AMAF) in Dubai and the Khalaf Ahmed Al Habtour Foundation for Charity (KAHF) have lately signed an awqaf investment partnership contract to build a residential commercial building.

Revenues from the building will be allocated to the Umom Al Kheir Bank, run by AMAF. KAHF will provide full funding for the project, estimated at AED8 million.

His Excellency Tayeb Abdulrahman Al-Rais, Secretary General of AMAF, and Abdul Salam Mahmoud Al Marzouki, General Director of Khalaf Ahmed Al Habtour Foundation for Charity, signed the partnership contract in the presence of Khalaf Ahmad Al Habtoor, founder of KAHF and prominent UAE philanthropist, as well as senior representatives of both organizations.

Al-Rais said: “Transcending caring for underprivileged communities, waqf (endowment) has always served as a viable foundation for social and economic empowerment, and contributed to the development of human societies. Through charitable endowments, AMAF routinely seeks to fulfil people’s needs while enhancing their standard of living.”

Al Marzouki stressed the importance of collaboration with government organizations and private entities in the fields of social services, healthcare, education, and humanitarian work while supporting those in need.

He said: “Only through synergistic efforts can we succeed in establishing the UAE as a hub for charity and humanitarian work.” 

Registered in AMAF’s name with the Umom Al Kheir Bank as a beneficiary, the four-storey building will be located in Dubai’s Al Bada area on a 5,433 square feet plot of land with an estimated value of AED5.5 million. 


Posted by : Dubai PR Network Editorial Team
Viewed 10864 times
PR Category : Government, Legal & Humanity
Posted on : Thursday, December 22, 2016  2:43:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : ADFD Ranks Second in UAE Foreign Aid Contributions for 2015,...
Next Story : Mentions of Human Rights in Annual Reports Dips for the Firs...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Marchon Eyewear Summer 2018 Collections [9522-Views]
du Distributes Eid Gifts at Al Jalila Children's Hospital [9211-Views]
Al-Futtaim ACE celebrates Eid with exciting offers and activities [8589-Views]
24 hour Mega Sale at Dalma Mall! [8351-Views]
Filorga introduces two new additions to its UV-BRONZE range offering a comprehensive range... [7729-Views]
Purify Your Skin with Skin Republic [7534-Views]
A Sparkling Gift Guide for Eid al-Fitr by Mouawad [6930-Views]
Al Ghandi Auto brings the most Affordable Electric Vehicle - Chevrolet Bolt EV - to the UA... [6112-Views]
Rapid renewal of smartphone portfolio brings next generation Nokia 5 and Nokia 3 to fans ... [5704-Views]
Captivate Your Senses with Marks & Spencer's Exclusive Oud Collection [5490-Views]
Stylish men's watch - BU4018-11H - with rose gold case and black dial is a real beauty [5423-Views]
Splash's ‘Life After Fashion' Campaign Breathes New Life into Old Garments [5398-Views]
Hamdan Bin Mohammed Heritage Center distributes Eidia on first day of Eid [5356-Views]
Crowe Horwath announces global rebrand to “Crowe” Sometimes a smart decision is a simple... [5350-Views]
iVOOMi Smartphones Enter the UAE Market Exclusively on SOUQ.com [5313-Views]
New open-air member of the AMG GT family [5295-Views]
The Summer Just Got Sweeter with the New Palm Candy Collection from Max [5264-Views]
Abu Dhabi Treats Eid Al Fitr Visitors to Shopping Bonanza with 90% Discounts Across 15 Sel... [5209-Views]
All Abroad… Mobile Cinema Bus presented by Pert Plus [5148-Views]
Tissot Chrono XL Tour de France Special Edition Cycling just got big [4892-Views]
Skydance: The Sun – shining amid the immensity of the galaxy [4801-Views]
Hair Rituel by Sisley Now available at Paris Gallery [4752-Views]
Great Moments Manero Flyback accompanies Swiss National Soccer Team To Russia [4673-Views]
The Lacoste Moon Collection [4648-Views]
Boss watches presents Master Collection [4630-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories