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
H.H. Sheikh Mohammed explores project documenting history of 'Al Khuzam'
H.H. Sheikh Hamdan stresses need for more specialised jobs for Emiratis
Dubai Police arrests 3, recovers AED 190,000 within minutes of theft
UAE President congratulates Ethara team for 'F1 Promoter of the Year' win
UAE-Sweden joint operation targets organised crime network
UAE expands support for Nepal with sixth aid plane
H.H. Sheikh Hamad: 52 years of progress and achievement
RTA and Dubai Airports advance plans for seamless airport connectivity
