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As per the initiative by Mohammed Bin Rashid Global Centre for Endowment Consultancy and Emirates Wildlife Society-WWF
· Emirates Wildlife Society-WWF to utilize the revenue of the endowment in environment programmes
· ADCB to get the Dubai Endowment sign in recognition to of its support
As per ‘The Year of Giving’ declared by the UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and the environment endowment initiative launched by The Mohammed Bin Rashid Global Centre for Endowment Consultancy (MBRGCEC) and the Emirates Wildlife Society in association with WWF (EWS-WWF), the Abu Dhabi Commercial Bank (ADCB) has announced its participation by supporting environment programmes conducted by EWS-WWF. This initiative is follows the ‘Global Vision for Endowment’, which was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, to revive the practice of endowment through innovative applications.
Accordingly, ADCB will be granted the Dubai Endowment Sign by MBRGCEC. This sign demonstrates the company’s contribution to the vision of the country and gives privilege for the private sector in procurement with Government of Dubai as per the directives of H.H. Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai.
Dr Majdi Abd El Muhdi, Head of Corporate Communication at ADCB said: “ADCB is honoured to receive the Dubai Endowment sign in recognition of our efforts and support of environmental programmes in the UAE through our partnership with EWS-WWF. Through initiatives such as this, we are doing our humble part to help advance the environmental objectives set by the UAE Government, and we encourage other companies to do likewise.”
Other companies can communicate directly with EWS-WWF to present their efforts and be considered to attain the sign.
Laila Mostafa Abdullatif, Director General at EWS-WWF said: “we are happy that ADCB has adopted the environment endowment, this indicates their vision to serve the community. We will work through this endowment to support our environment initiatives. We hope that more companies will participate in the environment endowment to get the Dubai Endowment Ssign.”
Dr. Hamad Al Hammady, Secretary-General of the Mohammed bin Rashid Global Centre for Endowment Consultancy stated: "The Innovative endowment, part of the Global Vision for Endowments, which was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, has opened a wide door to the development of communities. Thus, we are keen to search for social needs that can be supported by endowment. We hope that the environment endowment will attract lots of companies willing to support environment programmes and research. We hope that the environment endowment presented by ADCB will be a model for other banks and companies to consider innovative endowment.”
The Secretary General of the Centre said that the website - www.MBRgcec.ae is ready to receive enquiries from all interested individuals and organizations wishing to make a positive difference for our environment and support the Environmental Endowment Fund.
To contact EWS-WWF directly, visit the website (http://uae.panda.org/) or email Asif Mugloo- Corporate Partnerships Manager (amugloo@ewswwf.ae)
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About Emirates Wildlife Society – WWF
Emirates Wildlife Society is a national (UAE) environmental non-governmental organisation established in 2001 under the patronage of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s representative in the western region and Chairman of Environment Agency-Abu Dhabi. Emirates Wildlife Society works in association with WWF, one of the world’s largest and most respected independent conservation organisations, with offices in 100 countries. The association is commonly known as EWS-WWF. Our vision is to build a future where humans live in harmony with nature. Our mission is to conserve nature and reduce the most pressing threats to the environment. We work with people and institutions in the UAE and region, to implement conservation solutions through science, research, policy, education and awareness. For more information please visit www.uae.panda.org
About The Mohammed Bin Rashid Global Centre for Endowment Consultancy
The Centre will also provide the necessary consulting to public and private institutions in promoting community contribution by the Dubai Endowment Sign, which helps build a range of community services that address the most important needs of the community through the active participation of institutions.
The Dubai Endowment Sign was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, as a key initiative of the Global Vision for Awqaf and Endowments, and highlights community participation by providing an opportunity to government and private sector institutions to participate in community service through innovative endowments in favor of the development needs of the community.
The Mohammed Bin Rashid Global Centre for Endowment Consultancy, one of the Mohammed bin Rashid Global Initiatives, will oversee the largest global initiative to revive Endowments including legislation and rules for endowments, products and services and the Endowment district. The new Centre will work on the implementation of the Dubai Awqaf and Endowments Strategy and achieving the Global Vision in this area by stimulating and empowering awqaf and endowments to meet the pressing social needs of people. The Centre will provide services to members of local, regional and global institutions at no cost to convert Awqaf into one of the main catalysts of development in the Arab world. The Centre works to provide Awqaf and endowment consulting according to international best practices, and consulting in wqaf and endowments deployment options to enhance the social impact for the benefit of the Arab people. The Centre also works on knowledge management in the field of Awqaf and endowments through research, studies and the organization of conferences, workshops and partnerships, as well as capacity-building and raising the efficiency of employees working in this area.
Dubai's Global Vision of Awqaf and Endowments, aims to revive Endowments and transform Dubai into a global center to stimulate and enable Awqaf and endowments to serve humanity through eight enablers including a comprehensive strategy, a clear legislative environment, effective consulting, adopting global best practices in the creation and management of Awqaf and endowments foundations, maximize the impact of Awqaf and endowments through highlighting innovative social opportunities, monitor urgent social needs that can be addressed by Awqaf and endowments, and finally by stimulating Awqaf and endowment through collective funding opportunities. These eight enablers work together in an integrated approach to achieve Dubai’s global vision in this area. These enablers address four strategic objectives, the first of which is to turn Dubai into a catalyst to serve the community through endowments and donations. The second objective is to transform Dubai into a strategic regional hub to meet the social needs in the Arab world harnessing Awqaf and endowments. The third objective is to transform Dubai into a source of global best practices for Awqaf and endowments, while the fourth objective is to transform Dubai into a global center for research and expertise of Awqaf and endowments.
The Center utilizes the Dubai Monitoring system for the social needs in the Arab world, a system created by the Center for monitoring the most prominent social needs that can be met through Awqaf and endowments in the Arab world. The system harnesses reliable global data sources to calculate and develop a heat-map of the most important needs of each country in the Arab world. The system data is updated periodically. The Mohammed Bin Rashid Global Centre for Endowment Consultancy also provides consulting in this area for the concerned local, regional and global institutions.
The Centre has also developed a Best Practices Guide for Awqaf and endowments that combines global best practices with practical examples of various international experiences in the creation and management of Awqaf and Endowment foundations. The Guide explains the best way for the formulation of strategic plans for organizations that operate in the field of Awqaf and endowments customized based on each organizations’ needs, size and objectives. The Guide also includes options for organizational structure, the general framework for setting priorities for projects to maximize social impact, investment management, performance indicators, as well as development operations. The Centre provides the necessary consulting in this area for existing or yet-to-be-established Awqaf and endowment institutions.
© Press Release 2017
