What if the good you do, could be endless?
What if the lives you change, could be infinite?
What if a step you take, continues to be beneficial for years to come?
Sukuk Al Waqf is such an initiative.
WHAT IS SUKUK AL WAQF?
The first of its kind in the Middle East, Sukuk Al Waqf, is an innovative endowment from the Awqaf and Minors Affairs Authority, in partnership with the Mohammed bin Rashid International Center for Endowment and Endowment Consultation, and is managed by National Bonds.
Through this endowment, you can place your contribution into a savings account and the profits earned from it will be transferred towards a humanitarian project of your choice.
By participating in Sukuk Al Waqf, National Bonds will act as the Mudarib and Sukuk Al Waqf Manager and will invest the fund in Shari’a compliant investments. National Bonds will then distribute profits generated to Awqaf, which in turn will act as the Nazir Al Waqf of the Waqif and will contribute the profits towards the customer’s selected project.
FEATURES
Timed or permanent Waqf options.
Timed Waqf is either 1, 3 or 5 Years.
Semi-Annual profit distribution to Awqaf.
Customer can select Waqf project to support.
Contributors will be entered in the AED 1 Million and 12 Tesla cars draw*.
Contribution starts from just AED 1,000 for individuals and 10,000 for institutions.
WAQF PROJECTS UNDER AWQAF & MINORS AFFAIRS FOUNDATION
HOW IT WORKS
The expected profit generated from your Waqf contribution amount will be transferred to the beneficiary project you wish to contribute to.
After all, the betterment of a society starts with one.
For more info, please visit: sukukalwaqf.ae or contact 600 5222 79