Emirates Endowment Initiative Aims to Foster Community Generosity and Growth in UAE
This new branding aligns with the UAE's commitment to deep-rooted values of generosity, community, and innovation in charitable giving. The initiative aims to solidify the UAE's leadership in developing impactful endowment programs that serve both local and global communities.
To amplify the reach and impact of the Emirates Endowment projects, the authority has launched a new awareness campaign. The initiative targets an 80% community awareness of the Sunnah of Waqf, with an objective to increase Waqf revenues by 10% compared to last year. The campaign is also set to raise a return of AED 150 million from existing endowment projects, with an additional AED 233 million to be generated for new construction projects.
The campaign aligns with the UAE's Year of Community, positioning Emirates Endowment as a preferred and trusted channel for charitable contributions, further enhancing the nation's collective spirit of giving.
Additionally, the authority has completed the study and design phases of eight new projects, set to be launched across the emirates. These projects will support investment and community contributions in Waqf assets, ensuring that the UAE continues to lead in innovative philanthropic initiatives.
With this initiative, the Emirates Endowment is poised to create sustainable, long-term impacts while reinforcing the UAE's role as a leader in social responsibility and community development.
News Source: Emirates News Agency
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Web Release
2 hours ago
- Web Release
Binghatti Holding's USD 500 Million Benchmark Sukuk Begins Trading on the London Stock Exchange
Binghatti Holding Ltd ('Binghatti Holding'), one of the UAE's fastest growing real estate developers, celebrated the debut of its USD 500 million 5-year Senior Unsecured Sukuk on the London Stock Exchange with a ceremonial bell-ringing event, marking a key milestone in the company's international growth journey. The sukuk, issued under Binghatti's USD 1.5 billion Trust Certificate Issuance Programme, was oversubscribed five times, attracting over USD 2.5 billion in orders from a diverse pool of regional and global investors. The issuance was priced with a profit rate of 8.125%, reflecting investor confidence in Binghatti's robust financial position. The company is rated BB- by Fitch and Ba3 by Moody's, both with stable outlooks. Founder Dr Hussain BinGhatti, Chairman Muhammad BinGhatti and Chief Executive Officer Katralnada BinGhatti, accompanied by other senior executives and lead arrangers, rang the opening bell at the London Stock Exchange to celebrate the listing. The Sukuk will also be listed on Nasdaq Dubai. Muhammad BinGhatti, Chairman of Binghatti Holding, commented: 'The listing of our sukuk on the London Stock Exchange is a clear signal of Binghatti's commitment to engaging proactively with global investors and operating at the highest standards of transparency and governance. The landmark sukuk issuance enjoyed strong international demand, allowing us to close the books ahead of schedule and reinforcing market confidence in our credit profile, operational resilience, and growth strategy. As we scale our business and diversify our development portfolio, access to deep, liquid, and global capital markets is central to our financial strategy. Today's listing marks another important step in broadening our investor base and strengthening our global footprint.' Katralnada BinGhatti, Chief Executive Officer of Binghatti Holding, commented: 'Binghatti's sukuk programme reflects our commitment to diversifying the company's funding base, extending our maturity profile, and efficiently deploying capital to capture emerging opportunities. The five-times oversubscription and strong demand from institutional investors across Europe, Asia, and the Middle East signal a clear endorsement of our vertically integrated business model. With close to 50% of allocations going to non-GCC investors, we are pleased to see growing global recognition of Binghatti's unique positioning in Dubai's real estate sector. As we grow our portfolio and redefine luxury living in Dubai, we will continue to maintain prudent leverage and strong corporate governance.' The successful issuance and the strong demand come on the back of Binghatti Holding's strong H1 2025 results. During the first half, the company's net profit more than tripled to AED 1.82 billion, driven by resilient demand for Dubai real estate. The Group's total sales reached AED 8.8 billion, with revenue climbing 189% YoY to AED 6.3 billion. The Group launched seven new projects and delivered five developments in H1 alone, handing over 15 projects in the last 18 months. Its AED 12.5 billion revenue backlog and over AED 70 billion development portfolio position it as one of Dubai's leading developers. Binghatti currently has approximately 20,000 units under development across 30 projects in prime Dubai locations including Downtown, Business Bay, Jumeirah Village Circle, and Meydan, as well as its flagship branded residences in collaboration with luxury partners Bugatti, Mercedes-Benz, and Jacob & Co. The company's development pipeline was further reinforced by the recent acquisition of approximately 9 million sq. ft. megaplot in Nad Al Sheba 1, which will host Binghatti's first master-planned community, with a projected development value of over AED 25 billion.
Gulf Today
7 hours ago
- Gulf Today
DAMAC Properties announces the release of a new phase at Riverside Views
DAMAC Properties, UAE's largest private real estate developer with a global footprint, has announced the launch of a new phase at Riverside Views, part of its master community DAMAC Riverside. Located in Dubai Investments Park near Expo City Dubai, DAMAC Riverside Views is quietly central, providing easy access to key roads and major highways. The new phase, titled Capri One at DAMAC Riverside Views, will include stylish one and two-bedroom apartments. The residences positioned on either side of the river will blend urban energy with stunning waterfront views and bring an extraordinary lifestyle for residents. The official unveiling took place in Dubai at the Madinat Jumeirah, where DAMAC leadership, partners, and prominent brokers gathered for the launch. Amira Sajwani, Managing Director, DAMAC Properties, commented: 'As Dubai continues to evolve, so do we, shaping its skyline with homes that are not just iconic but intuitively designed for how people truly want to live. The community is in Dubai's next-generation residential hub. It is in perfect proximity to Al Maktoum International Airport, making it close enough for convenient travel, yet secluded enough to preserve a peaceful riverside lifestyle. Our new phase invites residents to slow down, reconnect, and rediscover the outdoors, with curated green spaces, thoughtful water features, and a soft rhythm of community life.' Riverside Views will include world-class amenities, including a clubhouse, a floating island restaurant, a Zen Spa, a Portofino Restaurant, and a hydroponic farm providing fresh greens daily. With a focus on health and wellness, fitness facilities by the water and a floating chess stage will be accessible to residents, as well as a floating opera, essential oil lakes, and Peace Rooms designed to encourage mindfulness and creativity. DAMAC has introduced extremely attractive payment plans of 0.25% which will allow customers to pay an easy monthly payment of AED 2499 and experience luxurious apartments and a community with fantastic amenities. The new phase is a perfect opportunity for first-time home buyers, young couples and investors alike. 1-bedroom units start at AED 993,000, and 2-bedroom units start from AED 1.9 million. The new phase and launch from DAMAC comes after the resounding success of townhouses and apartments launched at DAMAC Riverside earlier, which were sold out. About DAMAC Properties DAMAC Properties has been at the forefront of the Middle East's luxury real estate market since 2002, delivering award-winning residential, commercial and leisure properties across the region and internationally, including in the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Iraq, the Maldives, Canada, the United States, as well as the United Kingdom. Since then, the company has delivered more than 48,000 homes with over 50,000 more in diverse planning and development phases. Joining forces with some of the world's most eminent fashion and lifestyle brands to create tremendous living experiences, such as with Versace, Roberto Cavalli, or de GRISOGONO. With a consistent vision and momentum, DAMAC is building the next generation of luxury living across the globe. Live the Luxury. Follow DAMAC Properties on Facebook, X, Instagram, LinkedIn, and YouTube(@DAMACofficial). Visit us at
Fintech News ME
11 hours ago
- Fintech News ME
Aquanow and SGB Partner to Enhance Fiat Banking for Digital Asset Sector in MENA
Aquanow, a Canada-based digital asset infrastructure provider, has formed a strategic partnership with SGB, a fully licensed digital bank regulated by the Central Bank of Bahrain (CBB), to improve access to fiat banking services for institutional and enterprise participants in the digital asset sector. SGB, backed by Bahrain's sovereign wealth fund Mumtalakat and Singapore's Whampoa Group, is the only bank in the MENA region authorised to digitally onboard clients worldwide. Through the partnership, Aquanow's clients, including exchanges, payment providers, over-the-counter (OTC) desks, neobanks, and fintech firms, will be able to open USD bank accounts, settle trades, and transfer funds by using SGB's full SWIFT membership and regulatory status. The arrangement allows for the movement of assets in major currencies such as USD, AED, SAR, BHD, SGD, EUR, HKD, and CNH on a 24/7 basis. Aquanow's digital asset services will also be integrated with SGB's regulated banking network and real-time settlement platform, SGB Net, enabling on- and off-ramping between crypto and fiat. 'As digital assets become part of everyday financial operations, institutions need more than access, they need reliable, compliant infrastructure to operate at scale,' said Phil Sham, CEO and Co-Founder of Aquanow. 'Our partnership with SGB addresses that head-on. By integrating with a regulated institution like SGB, we will enable a more crypto-friendly banking environment for various stakeholders. This is a critical step in closing infrastructure gaps and unlocking a more seamless, borderless financial system for our clients.' Shawn Chan, CEO of SGB, said: 'Our partnership with Aquanow marks a significant step forward in bridging digital assets with regulated banking infrastructure. By combining Aquanow's institutional-grade platform with SGB's banking capabilities and global onboarding reach, we're facilitating seamless access to fiat for digital asset users.' The collaboration comes as institutional adoption of digital assets grows, particularly in MENA and Asia, where progressive regulatory frameworks and demand for blockchain-based financial services are increasing. The integration is expected to pave the way for future fiat-crypto conversion features within SGB's platform, extending functionality for both retail and institutional account holders.
