Page 77 - SALIK PR REPORT OCTOBER 2024

10/21/24, 11:37 AM AWQAF Dubai Distributes AED30.4 Million in Profits for Minors and Beneficiaries
This marks a 13% increase from the previous year, when AED26.7 million was distributed,

reflecting the foundation’s commitment to managing and growing minors’ funds.

The profits were shared among 2,263 minors and beneficiaries, a key element of AWQAF

Dubai's mission to safeguard and invest funds for those under its care. The growth in
profits underscores the foundation’s strategic investment approach, which includes real

estate, commercial ventures, and financial stock portfolios, adhering to Sharia principles.

Ali Mohammed Al Mutawa, Secretary-General of AWQAF Dubai, highlighted the

foundation’s dedication to maximizing financial returns while ensuring the security of

minors' assets. He also noted the alignment with the directives of His Highness Sheikh

Mohammed bin Rashid Al Maktoum, Ruler of Dubai.

AWQAF Dubai's portfolio includes investments in key public joint-stock companies like

Salik, DEWA, and other low-risk government entities. The foundation continues to explore
new investment opportunities to further enhance returns and minimize expenses.

By the end of 2023, AWQAF Dubai managed assets valued at AED1.015 billion, which

include bank deposits, real estate, and commodity portfolios. The foundation remains

committed to ensuring that these investments deliver optimal returns for beneficiaries.

News Source: Emirates News Agency

https://focus.hidubai.com/awqaf-dubai-distributes-aed30-4-million-in-profits-for-minors-and-beneficiaries/ 2/2