Page 91 - SALIK PR REPORT OCTOBER 2024

Ali Mohammed Al Mutawa, Secretary-General of AWQAF Dubai, emphasised the
Foundation's unwavering commitment to its mission of safeguarding, managing, and
investing funds earmarked for minors in line with the directives of Mohammed bin
Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai.

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.

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. (ANI/WAM)

https://www.bignewsnetwork.com/news/274727392/awqaf-dubai-shares-with-minor-
beneficiaries-aed-304-million-in-profits-from-investments-made-on-their-behalf