|15 September, 2019

Mohammed Bin Rashid Global Centre for Endowment Consultancy grants Dubai Endowment sign to wasl Asset Management Group

The entity earned the distinction for providing financial support valued at AED4 million to 24 government schools and other educational institutions in the UAE between 2014 and 2019

His Excellency Essa Al Ghurair, Chairman of MBRGCEC and Awqaf and Minors Affairs Foundation (AMAF) grants the Dubai Endowment Sign to His Excellency Hesham Abdulla Al Qassim, CEO of wasl

His Excellency Essa Al Ghurair, Chairman of MBRGCEC and Awqaf and Minors Affairs Foundation (AMAF) grants the Dubai Endowment Sign to His Excellency Hesham Abdulla Al Qassim, CEO of wasl

Dubai-UAE: Mohammed Bin Rashid Global Centre for Endowment Consultancy (MBRGCEC) presented the Dubai Real Estate Corporation’s wasl Asset Management Group (wasl) with the Dubai Endowment Sign for the second consecutive year. The entity earned the distinction for providing financial support valued at AED4 million to 24 government schools and other educational institutions in the UAE between 2014 and 2019.

His Excellency Hesham Abdulla Al Qassim, CEO of wasl, received the Dubai Endowment Sign from His Excellency Essa Al Ghurair, Chairman of MBRGCEC and Awqaf and Minors Affairs Foundation (AMAF), at AMAF headquarters in Dubai. The ceremony drew the participation of His Excellency Ali Al Mutawa, Secretary General of AMAF, Zainab Juma Al Tamimi, Director of MBRGCEC, and senior management of wasl.

His Excellency Essa Al Ghurair said: “At the beginning of the new school year, we take inspiration from The Letter of the New Season, issued by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. His messages encourage us to enhance collaboration with other entities to better serve people, achieve sustainable economic growth and improve the performance of government institutions.”

He added: “MBRGCEC has granted wasl the Dubai Endowment Sign for its role in supporting education and knowledge. The corporate social responsibility endeavors of organizations such as wasl help drive sustainable development, empower people and boost their happiness and satisfaction levels.”

For his part, His Excellency Ali Al Mutawa said: “AMAF commends the role of government and private sector entities in supporting the endowment sector and contributing to its growth and innovation so that it can reach a wider group of beneficiaries and expand its scope across domains such as education, healthcare and social care.” 

He added: “MBRGCEC presents the Dubai Endowment Sign under the umbrella of AMAF to entities that have made significant endowment contributions to recognize their role in growing the sector. This initiative aligns with the National Agenda of the UAE Vision 2021 and Article 9 of the Fifty-Year Charter that was announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum in January 2019.”

His Excellency Hesham Abdulla Al Qassim said: “We are honored to receive the Dubai Endowment Sign. This prestigious recognition motivates us to renew our efforts to serve our society. As a socially responsible corporation, wasl’s activities and programs are inspired by the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum and his vision to transform Dubai into a global endowment capital.” 

wasl supports the education sector in multiple ways, including providing computers, meals and transportation to underprivileged female students, as well as supplying computers, iPads and printers to schools. It also arranges for the maintenance and painting works of school buildings, erects shade structures at school yards, equips school premises with CCTV cameras, carries out water cooler maintenance, upgrades electronic equipment, AC units and furniture, and installs new equipment at sports facilities. Furthermore, the company established the wasl Center for Smart Learning and an innovation lab at one of the schools and a state-of-the-art library at another school.

About AMAF (www.amaf.ae) 

Awqaf and Minors Affairs Foundation (AMAF) was established by the issue of law No. 6 in 2004 by His Highness the late Sheikh Maktoum bin Rashid Al Maktoum. With the expansion of the institution in its work and functions, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai issued law No. 9 in 2007 strengthening the work of the institution. 

AMAF oversees the welfare of nearly 2,400 minor children through the development of ‘waqf’ (trust funds) that provide for their support and the care of their affairs, according to Shari’a principles through a well-structured long-term plan, conscious vision and insight.

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases