Dubai Eye 103.8

On Air Now
The Business Breakfast
6:00am - 10:00am

Listen To Dubai Eye

H.H. Sheikh Hamdan launches Endowment Sukuk

Tuesday, 12 April 2022 15:34

By ARN News Staff

WAM

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

Dubai Humanitarian boosts relief efforts in Nepal

Dubai Humanitarian has sent around 74 tonnes of emergency aid to Nepal to support communities recovering from devastating floods and landslides.
UAE issues statement in response to media speculation

The UAE Government says it does not comment on media reports or speculation about conversations between government leaders.
Fourth UAE aid shipment arrives in Nepal

The UAE has delivered another shipment of humanitarian aid to Nepal, as it steps up support for communities affected by devastating floods and landslides.
Dubai private schools rank among world's top 10 in PISA 2025

Dubai's private schools have ranked among the world’s top 10 education systems by the Programme for International Student Assessment (PISA) 2025, with significant gains in reading, mathematics and science.
UAE strongly condemns Houthi attacks on Saudi civilian, economic facilities

The UAE has strongly condemned Houthi rebels for attacking Saudi Arabia's civilian and economic facilities and targetting commercial vessels in the Red Sea.

Coming Up on Dubai Eye

The Agenda
10:00am - 1:00pm

Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.
Afternoons with Helen Farmer
1:00pm - 4:00pm

Every weekday afternoon, Helen Farmer will help you to navigate the highs and lows of life in the UAE. Stay up to date with what’s happening and where to go.

BUSINESS BREAKFAST LATEST

UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the USA
UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
New iPhone Launch - Too Soon For Apple?
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Working From Home or Hardly Working?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?

On Dubai Eye

Is There Sufficient House Supply In UAE
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Noon's First Female Delivery Driver
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!