The Mohammed Bin Rashid Global Centre for Endowment Consultancy, one of Mohammed Bin Rashid’s global initiatives, announces opening the door to government and private establishments of all sizes and fields to apply for the Dubai Endowment sign, to highlight their societal contributions. It has been launched by His Highness Sheikh Mohammed Bin Rashid Al Maktoum as a part of the global endowment initiative.
Dr. Hamad Al Hammady, Secretary-General of the Mohammed Bin Rashid Global Centre for Endowment Consultancy, said: "The Dubai Endowment sign is considered to be one of the most innovative projects launched by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. It motivates government and private establishments to contribute to society through innovative endowments by allocating a portion of their assets to the social development projects."
"Yesterday, we announced the first set of government and private organizations that were recipients of the Dubai Endowment sign. We are working in tandem with various government and private entities in order to promote their societal contributions,” he added. “The sign’s awarding criteria is not only focused on big establishments, but also extends to entities of different sizes that have made proven contributions towards the betterment of society. Therefore, we invite all government entities and private firms to participate in the social development of the Arab world by adopting innovative ways to enhance their profiles and reputation”, Al Hammady concluded.
He also noted that the website (www.mbrgcec.ae) is ready to receive all inquiries from interested individuals and organizations wishing to receive the Dubai Endowment sign. In addition, the Mohammed Bin Rashid Global Centre for Endowment Consultancy provides the necessary advice for public and private organizations to promote and activate their societal contributions through the Dubai Endowment sign. As a result, these cooperation efforts will help to provide a range of social services that address the most important social needs of society.
The first batch of organizations that were awarded the Dubai Endowment sign had been announced – those that provide substantial social community service in fields covering various developmental needs. Those bodies are: Emarat Al Youm (autism endowment), The MOB (awareness endowment), Kuttab Café (reading endowment), the Al Shabab Al Arabi Club (health endowment), wasl properties (school maintenance), du (medicine), the Dubai Roads and Transport Authority (RTA) – (public transport), the Dubai Electricity and Water Authority (DEWA) – (marriage fund endowment) and the Mohammed Bin Rashid School for Communications (scholarships fund).
His Highness has launched the Mohammed Bin Rashid Global Centre for Endowment Consultancy to be the first of its kind endowment consultancy. It will act as a consultancy firm to oversee the largest global initiative to revive the endowment tradition. The initiative will include a legislative system for endowment, besides Awqaf products and services. The new consultancy will work on implementing Dubai’s strategy of Awqaf and endowment, as well as achieving its global vision in this domain by encouraging and empowering endowments and donations to meet the social needs.
The Centre will provide its services free for individuals and local, regional and global bodies in order to make endowment one of the main development catalysts in the Arab world. The center will strive to provide endowment consultancies according to the best international practices, especially when it comes to endowments and grants to enhance the social impact on the Arab world. The Centre also manages knowledge in the field of endowments and donations through research and studies, organizing conferences, workshops and partnerships, as well as developing the skills of individuals working in this field.