H.H. Sheikh Hamdan launches Endowment Sukuk

Tuesday, 12 April 2022 15:34

By ARN News Staff

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

More from Local News

UAE commends Kuwait’s vigilance in foiling terrorist plot

The UAE has expressed its full solidarity with Kuwait following the foiling of a terrorist plot targeting a vital facility.
Public invited to help shape UAE gender balance strategy

The UAE Gender Balance Council has launched a national survey to gather public views and insights for the UAE Gender Balance Strategy 2027–2031.
UAE strongly condemns Iranian attack on ADNOC vessels

The UAE has strongly condemned Iran for targeting two vessels of Abu Dhabi National Oil Company (ADNOC) on the Strait of Hormuz.
Arab nations condemn Iranian attack on ADNOC tankers

Saudi Arabia, Qatar, Kuwait and Jordan have strongly condemned Iran for targeting ADNOC tankers on the Strait of Hormuz.
2 ADNOC vessels attacked in Strait of Hormuz

Abu Dhabi National Oil Company (ADNOC) has confirmed two of its vessels were attacked while transiting the Strait of Hormuz on Thursday evening.
Abu Dhabi shuts down cafe over food safety violations

Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has ordered temporary closure of 'Lassi Shop' due to repeated food safety violations and failure to implement adequate measures to rectify the issue.
Dubai Police warn of cyber threats on gaming platforms

Dubai Police have urged parents to step up efforts to keep children safe online, warning about cyber threats on gaming platforms.
UAE allocates $10 million for Colombia earthquake relief

Under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the UAE has announced an urgent humanitarian response plan worth $10 million for communities affected by the earthquake in Colombia.
Dubai Humanitarian launches air bridge to deliver vital aid to Gaza

Dubai Humanitarian has facilitated a new air bridge to deliver urgently needed humanitarian supplies to Gaza.
UAE reaffirms solidarity with Colombia after earthquake

UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has expressed his condolences to Colombia following the earthquake that struck the country.
Dubai Fitness Challenge returns for another exciting edition

The month-long Dubai Fitness Challenge that transforms the Emirate into a city-wide gym will return for its 10th edition.
UAE President, King of Bahrain discuss stronger ties and regional stability

UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has held talks with Bahrain’s King Hamad bin Isa Al Khalifa during his fraternal visit to the UAE.
UAE-built AI satellite Altair-1 heads to US ahead of October launch

UAE's first commercial AI-enabled earth observation satellite, Altair-1, has been transported to Los Angeles onboard an Emirates SkyCargo Boeing 777 freighter aircraft ahead of its launch in October.
New bridge to cut travel time from DWTC to Al Mustaqbal Street

A two-lane, 500m bridge linking Dubai World Trade Centre and One Central buildings to Al Mustaqbal Street-Za’abeel Palace Street intersection will open on Friday, cutting travel time from 10 minutes to 2 minutes.
UAE Floating Hospital fits prosthetic limbs for 21 more Palestinian amputees

UAE Floating Hospital in Egypt's Al Arish has provided prosthetic limbs to 21 more Palestinians as it helps those injured in the Gaza conflict rebuild their lives.
UAE, DR Congo Presidents discuss strengthening cooperation under CEPA

UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has discussed strengthening bilateral relations with President of the Democratic Republic of the Congo Félix Tshisekedi in a phone call on Wednesday.
UAE leaders highlight youth's role central to nation's future

Marking International Youth Day, UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has led messages emphasising the central role young people play in "achieving a future in which opportunity can grow for all".
UAE highlights flexible, skills-based education model at BRICS meeting

The UAE has proposed five priorities to strengthen education cooperation among BRICS countries.
Abu Dhabi Customs raises alert over fraudulent messages

Abu Dhabi Customs is warning customers to beware of fraudulent messages impersonating the authority and using official-looking language to appear genuine.
UAE President meets Lulu founder Yusuff Ali during Abu Dhabi store visit

UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan met Yusuff Ali, Chairman of LuLu Group International, during a store visit in Abu Dhabi, expressing his appreciation for the group's initiatives in serving the UAE community.

News

UAE commends Kuwait’s vigilance in foiling terrorist plot
The UAE has expressed its full solidarity with Kuwait following the foiling of a terrorist plot targeting a vital facility.
Public invited to help shape UAE gender balance strategy
The UAE Gender Balance Council has launched a national survey to gather public views and insights for the UAE Gender Balance Strategy 2027–2031.
UAE strongly condemns Iranian attack on ADNOC vessels
The UAE has strongly condemned Iran for targeting two vessels of Abu Dhabi National Oil Company (ADNOC) on the Strait of Hormuz.

H.H. Sheikh Hamdan launches Endowment Sukuk

More from Local News

News

Our Shows

Quick Links

Listen on the Go

H.H. Sheikh Hamdan launches Endowment Sukuk

Share

More from Local News

News

Our Shows

Quick Links

Listen on the Go