Major charity programme launched
A series of endowment funds have been established to support children and adults that cannot afford education, medical treatment and access to transport, among other hardships.
The multi-billion dirham humanitarian drive was launched yesterday by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to achieve charitable goals in the Arab world.
The Mohammed bin Rashid Global Centre for Endowment Consultancy was announced with a start-up donation of Dhs2.5 billion and an endowment of Dhs1 billion.
Overall, Dhs5 billion has been pledged to support knowledge, science and innovation.
By Sarwat Nasir
A new Endowment District will also be established under the initiative, which will hold funds for autism, medical treatment, children’s cancer, medicines, school fees, education and agriculture.
Firms and public bodies that donate profits or funds are also to receive a special seal to encourage and recognise their efforts toward community initiatives.
Sheikh Mohammed tweeted about the new project, saying: “The initiative includes assets worth five billion dirhams for knowledge, future research and support for reading and writing. And establishing a specialised centre for studies and endowment services.
“The new initiative is a member of the Mohammed bin Rashid global initiatives and will oversee the leadership of societal transformation locally and regionally.”
He added: “We opened the doors to become the most supportive nation for endowment for the service of humanity".
His Highness said the endowment seal would give recognition for those committed to charity.
News agency WAM quoted him as saying: “Many businessmen provide charity in secret - we want them to announce their endowments and lead by example.
“The UAE will always be the capital of humanity through its initiatives and efforts aimed at serving people and its humanitarian innovative projects.”
INVESTING IN THE FUTURE: The drive will include a fund for tuition fees