In Cooperation with the Mohammed Bin Rashid Global Centre for Endowment Consultancy, the Dubai Community Development Authority announced that the Sagson Institute has joined the Social Security Endowment launched by the Authority to promote the social life in Dubai. Accordingly, the Sagson Institute (part of the British Qualifications House) will provide a range of service and rehabilitation services for people of determination in the country through the Community Development Authority, with the aim of increasing the rate of integrated employment. This comes in line with the decision of His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE, declaring 2017 as the “Year of Giving”, and in support of the Global Vision of Endowment adopted by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, to revive the endowment as a development tool for communities.
Accordingly, Sagson Institute has received the Dubai Endowment Sign from the Mohammed Bin Rashid Global Centre for Endowment Consultancy, as one of Mohammed Bin Rashid global initiatives, in recognition of its community contribution as a role model in the private sector. This sustainable community service comes in line with the concept of the innovative endowment in coordination with the Mohammed Bin Rashid Global Centre for Endowment Consultancy. The concept of innovative endowment allows the creation of different types of endowments as a developmental tool through services, products, and others, and not limiting them to real estate assets, as in the traditional endowment.
Ahmad Abdulkarim julfar, Director General of the Community Development Authority, said, "The innovative endowment initiatives in cooperation with the Mohammed Bin Rashid Global Centre for Endowment Consultancy achieve a tangible success within the social sustainability development. We are working hard to attract entities and individuals to support community projects through the innovative endowment of social security that we have launched together. Innovative endowment activities support our efforts to promote cohesion amongst all segments of community and to protect the rights of the most vulnerable groups. Today, we collaborate with the Sagson Institute in providing a range of specialized non-merchandise and rehabilitation services to people of determination in the UAE”. Julfar added, "The Community Development Authority plays a prominent role in supporting people of determination. Through this endowment, we focus on the cognitive and training aspects to enhance the participation of people of determination in community and benefit from their energies in the workforce.”
Hesham Al Saghbini, Chief Executive of the Sagson Institute, said, "The Institute is proud to be an active partner in the service of people of determination in the UAE. We are always looking for the best ways to serve the community in an innovative way, which has already come through the endowment of social security with the Community Development Authority and the Mohammed Bin Rashid Global Centre for Endowment Consultancy. We will not stop at this step, but we aspire to other further initiatives to serve all segments of society. This stems from our belief in the importance of the announcement of His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE, declaring 2017 as the “Year of Giving”, and in support of the Global Vision of Endowment adopted by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.”
Dr Hamad Al Hammadi, Secretary-General of the Mohammed Bin Rashid Global Centre for Endowment Consultancy, stressed the importance of the Sagson Institute's participation in the Social Security Endowment Initiative, saying, "The field is open to all government and private institutions in creating endowment initiatives to serve the local community. We, at the Mohammed Bin Rashid Global Centre for Endowment Consultancy, are working to enhance community contributions to the innovative endowment that has achieved remarkable results since it was launched by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. We work together with all institutions to enhance community benefit of the private sector. Today, we appreciate the Sagson Institute's participation to the endowment of social security, which we launched with the Community Development Authority. We renew the call to all private sector entities to participate in the innovative endowment to enhance their community contributions."
The Secretary General of the Centre said that the website - www.MBRgcec.ae is ready to receive inquiries from all interested individuals and organizations wishing to obtain the Dubai Endowment Sign.
The Centre will also provide the necessary consulting to public and private institutions in promoting community contribution by the Dubai Endowment Sign, which helps build a range of community services that address the most important needs of the community through the active participation of institutions.
The Mohammed Bin Rashid Global Centre for Endowment Consultancy, one of the Mohammed bin Rashid Global Initiatives, will oversee the largest global initiative to revive Endowments including legislation and rules for endowments, products and services and the Endowment district. The new Centre will work on the implementation of the Dubai Awqaf and Endowments Strategy and achieving the Global Vision in this area by stimulating and empowering awqaf and endowments to meet the pressing social needs of people. The Centre will provide services to members of local, regional and global institutions at no cost to convert Awqaf into one of the main catalysts of development in the Arab world. The Centre works to provide Awqaf and endowment consulting according to international best practices, and consulting in wqaf and endowments deployment options to enhance the social impact for the benefit of the Arab people. The Centre also works on knowledge management in the field of Awqaf and endowments through research, studies and the organization of conferences, workshops and partnerships, as well as capacity-building and raising the efficiency of employees working in this area.
Dubai's Global Vision of Awqaf and Endowments, aims to revive Endowments and transform Dubai into a global center to stimulate and enable Awqaf and endowments to serve humanity through eight enablers including a comprehensive strategy, a clear legislative environment, effective consulting, adopting global best practices in the creation and management of Awqaf and endowments foundations, maximize the impact of Awqaf and endowments through highlighting innovative social opportunities, monitor urgent social needs that can be addressed by Awqaf and endowments, and finally by stimulating Awqaf and endowment through collective funding opportunities. These eight enablers work together in an integrated approach to achieve Dubai’s global vision in this area. These enablers address four strategic objectives, the first of which is to turn Dubai into a catalyst to serve the community through endowments and donations.
The second objective is to transform Dubai into a strategic regional hub to meet the social needs in the Arab world harnessing Awqaf and endowments. The third objective is to transform Dubai into a source of global best practices for Awqaf and endowments, while the fourth objective is to transform Dubai into a global center for research and expertise of Awqaf and endowments.
The Center utilises the Dubai Monitoring system for the social needs in the Arab world, a system created by the Center for monitoring the most prominent social needs that can be met through Awqaf and endowments in the Arab world. The system harnesses reliable global data sources to calculate and develop a heat-map of the most important needs of each country in the Arab world. The system data is updated periodically. The Mohammed Bin Rashid Global Centre for Endowment Consultancy also provides consulting in this area for the concerned local, regional and global institutions.
The Centre has also developed a Best Practices Guide for Awqaf and endowments that combines global best practices with practical examples of various international experiences in the creation and management of Awqaf and Endowment foundations. The Guide explains the best way for the formulation of strategic plans for organizations that operate in the field of Awqaf and endowments customized based on each organizations’ needs, size and objectives. The Guide also includes options for organizational structure, the general framework for setting priorities for projects to maximize social impact, investment management, performance indicators, as well as development operations. The Centre provides the necessary consulting in this area for existing or yet-to-be-established Awqaf and endowment institutions.