H.H. Sheikh Hamdan launches Endowment Sukuk

Tuesday, 12 April 2022 15:34

By ARN News Staff

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

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