Dubai Launches Sukuk Al Waqf, Boosting the Role of Endowments in Social Development

Dubai-based Mohammed bin Rashid Global Centre for Endowment Consultancy (MBRGCEC) announced the launch of Sukuk Al Waqf, in partnership with the Awqaf and Minors Affairs Foundation (AMAF) and the National Bonds Corporation on the 13th of April 2022.

Why it Matters?

Sukuk Al Waqf is a Shariah-compliant charitable endowment initiative that enables individuals and companies to support humanitarian projects. The initiative is in line with Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum’s vision of enhancing the role of endowments in social development. According to HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, Sukuk Al Waqf will...