2 days ago
DEWA Receives Dubai Endowment Sign for Supporting Sukuk Al Waqf Initiative
Dubai Electricity and Water Authority (DEWA) has been awarded the prestigious Dubai Endowment Sign by Awqaf Dubai in recognition of its AED 5 million contribution to the Sukuk Al Waqf initiative — the region's first charitable endowment of its kind.
The award, presented by the Endowment and Minors' Trust Foundation (Awqaf Dubai) through the Mohammed bin Rashid Global Centre for Endowment Consultancy, highlights DEWA's role in promoting social responsibility and supporting innovative charitable models. The Sukuk Al Waqf initiative, launched in 2022, enables individuals and companies to participate in sustainable philanthropic efforts.
HE Issa Al Ghurair, Chairman of Awqaf Dubai's Board, handed over the recognition to HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, during a formal ceremony attended by senior officials from both entities. Al Ghurair praised DEWA as one of the first contributors to the initiative, applauding its commitment to humanitarian values and its support for Dubai's wider social and economic development goals.
Al Tayer reaffirmed DEWA's commitment to national development efforts, noting that the authority's support for the Sukuk Al Waqf initiative reflects its dedication to sustainability and corporate social responsibility.
The Sukuk Al Waqf initiative aligns with the vision of HH Sheikh Mohammed bin Rashid Al Maktoum, who seeks to revive endowment practices as tools for long-term community development. The initiative's flexible, inclusive framework encourages public and private sector engagement in building a culture of giving across the UAE.
By recognising DEWA with the Dubai Endowment Sign, Awqaf Dubai underscores the vital role of institutions in driving meaningful change and fostering a more inclusive philanthropic ecosystem.
News Source: Dubai Media Office
