![Awqaf Dubai, Arab Women Authority and National Bonds Launch ‘Women Sukuk' to Drive Impact in Breast Cancer Advocacy and Treatment](http://www.dubaiprnetwork.com/press_images/177421-1.jpg)
Awqaf Dubai, Arab Women Authority and National Bonds Launch ‘Women Sukuk' to Drive Impact in Breast Cancer Advocacy and Treatment
Dubai – UAE, 13 February, 2024: Mohammed bin Rashid Global Centre for Endowment Consultancy, an affiliate of the Awqaf and Minors Affairs Foundation in Dubai, Arab Women Authority, the leading Arab organization in the field of supporting women’s empowerment and National Bonds, the UAE’s savings and investment company, has joined forces to introduce the “Women Sukuk” as an integral addition to the esteemed Sukuk Al Waqf endowment initiative.
Sukuk Al Waqf, is an innovative endowment that was announced in 2022 by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, and launched by Mohammed bin Rashid Global Centre for Endowment Consultancy (MBRGCEC), in partnership with the Awqaf and Minors Affairs Foundation in Dubai and National Bonds. This endowment allows contributions to be placed with National Bonds at expected returns, while the returns are re-directed towards a humanitarian project of the contributors’ choice.
Building on the resounding success of the Sukuk Al Waqf initiative and the highly positive response from the public, the “Women Sukuk” is positioned to play a vital role within the Sukuk Al Waqf projects, demonstrating the commitment of these three organizations to advancing social causes through Islamic finance.
The new partnership aims to enhance breast cancer treatment and awareness. According to the memorandum of understanding, National Bonds will lead the investment efforts, while the Arab Women Authority will allocate the investment returns to advancing breast cancer treatment and awareness. Simultaneously, Awqaf Dubai will provide vigilant oversight, ensuring the effective implementation of the program. This partnership came into light following a surge in breast cancer cases in the UAE, whereas according to the World Health Organization latest report, 21.6% of all cancer cases recorded in the UAE were accounted for breast cancer.
Khaled Al Thani, Deputy Secretary-General of Awqaf and Minors Affairs Foundation, emphasized that the Foundation is keen to support efforts in the health sector, given that treating patients and raising the level of healthcare in society is a top priority for the foundation.
“Through the ‘Women Sukuk’ initiative, we seek to provide sustainable financial returns by creating quality initiatives aimed at raising breast cancer awareness and contributing to reducing the number of breast cancer cases among women.”, said Al Thani.
For his part, Mohammed Al-Dulaimi, Secretary-General of the Arab Women Authority, expressed his high appreciation for this strategic partnership with Dubai Endowments and National Bonds to activate initiatives aimed at enhancing community contribution in supporting the Authority’s development and humanitarian projects, especially its initiative to launch programs and projects to treat breast cancer for women in a way that enhances capacity building and health. Women as an essential partner in development
Mohammed Qasim Al Ali, Group Chief Executive Officer of National Bonds, said: “We are proud of this initiative, highlighting our collective commitment to leveraging our retail sukuk scheme for social causes. This collaboration reinforces our commitment to Sukuk Al Waqf, fostering a meaningful connection between financial contributions and positive social impact. We look forward to the success of the ‘Women Sukuk’ and its role in advancing breast cancer treatment and awareness in our community.”
The “Women Sukuk” will seamlessly integrate into the Sukuk Al Waqf ecosystem, via its website, ensuring transparency and accessibility. Stakeholders will have real-time insights into the progress and outcomes of this significant project. The agreement was signed by Zainab Juma Al Tamimi, Director of the Mohammed bin Rashid Global Centre for Endowment Consultancy on behalf of Awqaf Dubai, and Dr. Lina Abu Baker, Executive Director of the Arab Women Authority, and Rehab Lootah, Group Deputy Chief Executive Officer at National Bonds.
To contribute to the endowment, please visit the following link: https://sukukalwaqf.ae/en/contribute-now/
Home >> Banking & Investments Section
Highlights From Day Five of Dubai Fashion Week SS'25
Kalba Tigers roar the best in mini-football 5s
People of Determination Share their Success Stories at Mohammed Bin Rashid Libra ...
IMAN Developers onboards Versace Ceramics for One Sky Park in Jumeirah Village C ...
IIFA Announces “IIFA Dance Mania” – A Chance To Earn A Spot On The Grand IIFA S ...
LG To Introduce Exciting Vision For Future Living With 'LG Ai Home' Innovations ...
Dubai Sports Council hosts footballers Marco Asencio and Bakary Sagna along with ...
Highlights from Day Four of Dubai Fashion Week SS'25
The Charismatic Duo Siddhant Chaturvedi And Abhishek Banerjee Set To Shine As Ho ...
SharkNinja unveils newest innovations to positively impact people's lives in eve ...
Hungarian Ambassador Visits Dubai Culture to Explore Cultural Collaboration
Etihad airways announces new routes to warsaw and prague
The Abu Dhabi International Hunting and Equestrian Exhibition 2024 hosts the lar ...
Signature scents in the sky: Emirates creates new exclusive fragrances with luxu ...
Half a Million Birds Released to Boost the Sustainability of Houbara Populations ...
Union Coop Announces Price Reductions on 600 Products
Emirates wishes 'Onashamsakal' to customers celebrating Onam
Union Coop Agrees to Collaborate with Watani Al Emarat Foundation
1st Edition of 'Talent Atelier' programme opens horizons for Emirati Designers
Wizz air expands network with its first long-haul route connecting abu dhabi wit ...