Laws on Waqf and Arbitration

abu dhabi — The President, His Highness Sheikh Khalifa bin Zayed Al Nahyan, has issued two Federal Laws concerning waqf and arbitration.

‘Waqf Law’ — issued in the latest edition of the Official Gazette — contains 40 articles and follows the latest legislative and global developments governing Waqf (an inalienable charitable endowment under Islamic law) as an economic and social pillar contributing towards humanitarian development and providing for an active working environment in the endowment sector across various fields, including health, culture and sustainability.

The law classifies Waqf according to three categories: Waqf Ahli, where proceeds are designated for the waqf founder’s children and their off-spring; Waqf Khayri, where proceeds are earmarked for charitable and philanthropic endeavours supporting underprivileged individuals and communities, and Waqf Mushtarak, which encompasses the Waqf founder’s offspring and general public.

The new ‘Arbitration Law’ applies to all local arbitration taking place inside the UAE, unless agreed otherwise. It also applies to any international commercial arbitration taking place outside the UAE, where the parties have agreed to apply UAE arbitration law; and all arbitrations arising as a result of a contractual or non-contractual relationship governed by UAE law, unless expressly excluded. —