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 7509 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
Elizabeth Arden: White Tea fragrance [14256-Views]
Elizabeth Arden: Eight Hour® Miracle Hydrating Mist [13652-Views]
Celebrate Life's Key Moments with Mouawad Jewelry [12987-Views]
Gucci Eyewear Spring/Summer 2017 [12767-Views]
IKEA Spreads Cheer on International Day of Happiness [10956-Views]
SAINT HONORE introduces the first watch made out of steel from the Eiffel Tower [9193-Views]
L'Occitane introduces Terre De Lumiere [8869-Views]
Bottega Verde Introduces The New Splendida Skin Care Line! [8448-Views]
Grand Optics Celebrates 20 Years in the Middle East [8448-Views]
TKD Lingerie: Top 5 lingerie trends from the past five years [7948-Views]
Malabar Gold & Diamonds receives ‘Best Jewellery Brand Award' from India Bullion and Jewel... [7826-Views]
Gourmand by Molton Brown [7686-Views]
Celebrate the start of the spring with Lexus Select Event [7680-Views]
QNET Celebrates World Water Day 2017 with HomePure [6991-Views]
Siemens to help develop Qataris' tech skills [6960-Views]
INSIGHT a natural inspiration, essential choice and passion for hair [6893-Views]
Versace Fall/Winter 2016-2017 Collection Preview [6777-Views]
Reebok Les Mills™ invites you to witness a live workout demonstration at Stadium, Yas Mall [6740-Views]
Taste the best of the world at Lulu Hypermarket World Food Expo 2017 [6704-Views]
Massimo Dutti Spring/Summer'17 Campaign – Summer Echoes [6564-Views]
New spa experience offers visitors to Beautyworld Middle East 2017 a memorable voyage of f... [6490-Views]
The Big Clearance Sale is Back! [6033-Views]
Malabar Gold & Diamonds' launched its 172nd showroom in Ballari, Karnataka, India [5966-Views]
Dubai Chamber concludes high-level trade mission to India [5832-Views]
Molton Brown Launches the Spring Collection Dewy Lily of the Valley & Star Anise London vi... [5758-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories