Page 75 - SALIK PR REPORT OCTOBER 2024

10/21/24, 11:37 AM AWQAF Dubai shares with minor beneficiaries AED30.4 million in profits from investments made on their behalf - UAE - Emirates…
Al Mutawa highlighted that AWQAF Dubai has consistently achieved significant annual growth in returns on investments envisaged to
benefit minors, which include real estate assets, commercial ventures, and financial stock portfolios.

He further noted that the profit growth reflects AWQAF Dubai’s dedicated efforts to protect minors’ funds while adhering to Sharia
principles, ensuring that the capital is not exposed to unnecessary risks. AWQAF Dubai strategically invests in a range of public joint-
stock companies, including Parkin, Salik, DEWA, and other low-risk government entities.

Portfolio expansion push

Al Mutawa added that AWQAF Dubai is keen to expand its investment portfolio and explore new opportunities in relation to managing
and developing projects intended for minors. Such initiatives aim to maximise financial returns, reduce expenses, and ensure that
minors’ funds are optimally managed. AWQAF Dubai remains committed to ensuring that investment returns are effectively delivered to
beneficiaries in collaboration with relevant authorities, he added.

According to the financial reports, the total value of assets managed by AWQAF Dubai on behalf of minors and those under
guardianship reached AED1.015 billion by the end of 2023. These assets include bank deposits, real estate portfolios, commodity
portfolios, and real estate investments.

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