23 March 2017
Dubai has adopted a unique endowment concept which allows its residents to donate to charity while going about their day-to-day lives.
For example, a Dubai resident can start their day by taking a special ‘Endowment Taxi’ in the morning and the fare will go towards a social cause. They can also listen to one of the two endowment radio stations, which promote young entrepreneurs by offering free advertising for their new ventures.
Residents can also pay fees to hospitals that feature endowment rooms, which allow them to contribute towards the treatment of future patients. They can also contribute towards cancer research by participating in special auctions.
In order to contribute towards children’s welfare, residents can pay their fees at endowment service centres, support orphans’ education by choosing to eat at endowment tables at designated cafés and by buying newspapers that support endowment advertising.
In addition, sports enthusiasts can help support health campaigns when they buy tickets to watch a match.
These are some of the many creative endowment ideas which are being implemented by the Mohammed bin Rashid Global Centre for Endowment Consultancy.
"What we are doing through endowment will be reflected on all developmental aspects. We want to get out of the traditional framework and to make endowment as a tool that supports culture, medical and scientific research, technology, environment, awareness campaigns and other fields, they all serve to achieve the good for humanity," Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum said on Wednesday.
This year is the Year of the Giving and it was announced this week a total of 1,400 charity initiatives will be launched across the country throughout during 2017.
In January the Emirates Association for Lawyers and Legal announced the launch of a 1 million dirham ($272 million) legal consultation endowment for the underprivileged.
Last year, Emirati businessman Abdul Aziz Al Ghurair announced plans to set up an Islamic philanthropy network to develop “a homegrown approach” to the challenges faced by Arab citizens.
“While we (business leaders) have revolutionized our own business we have failed to bring this same bold approach to the immense challenges of poverty, ill health and social inequity,” Al Ghurair said during a keynote speech on philanthropy in the Muslim world at the Global Islamic Economy Summit (GIES).
“We must shift from traditional charity to a new ecosystem with high impact philanthropy,” he said. “This is why today I am announcing the launch of the network of philanthropists in the Arab world and ultimately in the Muslim world. I am asking all my peers to join me in building this ecosystem we so desperately need.”
© Express 2017
Dubai has adopted a unique endowment concept which allows its residents to donate to charity while going about their day-to-day lives.
For example, a Dubai resident can start their day by taking a special ‘Endowment Taxi’ in the morning and the fare will go towards a social cause. They can also listen to one of the two endowment radio stations, which promote young entrepreneurs by offering free advertising for their new ventures.
Residents can also pay fees to hospitals that feature endowment rooms, which allow them to contribute towards the treatment of future patients. They can also contribute towards cancer research by participating in special auctions.
In order to contribute towards children’s welfare, residents can pay their fees at endowment service centres, support orphans’ education by choosing to eat at endowment tables at designated cafés and by buying newspapers that support endowment advertising.
In addition, sports enthusiasts can help support health campaigns when they buy tickets to watch a match.
These are some of the many creative endowment ideas which are being implemented by the Mohammed bin Rashid Global Centre for Endowment Consultancy.
"What we are doing through endowment will be reflected on all developmental aspects. We want to get out of the traditional framework and to make endowment as a tool that supports culture, medical and scientific research, technology, environment, awareness campaigns and other fields, they all serve to achieve the good for humanity," Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum said on Wednesday.
This year is the Year of the Giving and it was announced this week a total of 1,400 charity initiatives will be launched across the country throughout during 2017.
In January the Emirates Association for Lawyers and Legal announced the launch of a 1 million dirham ($272 million) legal consultation endowment for the underprivileged.
Last year, Emirati businessman Abdul Aziz Al Ghurair announced plans to set up an Islamic philanthropy network to develop “a homegrown approach” to the challenges faced by Arab citizens.
“While we (business leaders) have revolutionized our own business we have failed to bring this same bold approach to the immense challenges of poverty, ill health and social inequity,” Al Ghurair said during a keynote speech on philanthropy in the Muslim world at the Global Islamic Economy Summit (GIES).
“We must shift from traditional charity to a new ecosystem with high impact philanthropy,” he said. “This is why today I am announcing the launch of the network of philanthropists in the Arab world and ultimately in the Muslim world. I am asking all my peers to join me in building this ecosystem we so desperately need.”
© Express 2017
