111 million dirhams in endowment and zakat bank balances in “Dubai Endowments”

The Board of Directors of the Foundation for Endowments and Minors’ Funds Management in Dubai revealed that the balances of endowment, zakat and charity banks for the year 2025 have risen to about 111 million dirhams, an increase of about 15% compared to the previous year, as the value of endowment bank balances reached 94 million dirhams during the year 2024.

This came during the 11th Council meeting for the year 2025, where a package of strategic files, new endowment projects, and the most important developments related to the Foundation’s activity were discussed.

The meeting, which was held under the chairmanship of the Chairman of the Board of Directors of the Endowments and Minors’ Funds Management Foundation in Dubai, Issa Al Ghurair, and in the presence of members of the Board and the Secretary-General of the Foundation, Ali Al Mutawa, reviewed the executive plan for endowment banks and zakat that is compatible with the “Dubai Social Agenda 33”, aiming to enhance the sustainability of endowment work and raise the proportion of community partnerships.

The Council discussed a report on achieving 65% of endowment sustainability through developing strategic partnerships, and adopted a number of decisions that enhance the efficiency of institutional performance and support the development of the endowment and investment work system.

The Council celebrated the Corporation’s victory in the Emirates Energy Award, organized by the Supreme Council of Energy in Dubai, for the “Solar Energy Project in Low-Income Buildings,” in recognition of its efforts to enhance energy efficiency and adherence to the principles of environmental sustainability.

Issa Al Ghurair stressed that the executive plan for endowment banks, zakat and charity works to consolidate the sustainability of endowment work, and enhance its role in supporting the “Dubai Social Agenda 33” by launching endowment projects and charitable initiatives that will meet the aspirations of the Dubai community and keep pace with its ambitions.

He pointed out the importance of coordination with the Dubai Digital Authority to adopt an integrated electronic system for managing maintenance and facilities, which contributes to raising operational efficiency and improving the quality of endowment real estate services, stressing that this step represents an important institutional achievement that enhances the institution’s ability to manage risks and make strategic decisions based on accurate data analysis, ensuring business sustainability, protecting endowment assets, and developing minors’ funds.

For his part, the Foundation’s Secretary-General, Ali Al-Mutawa, said that the increase in endowment and zakat bank balances to 111 million dirhams reflects the Foundation’s commitment to supporting community and charitable development projects in Dubai. The adoption of the 2026 budget and following up on the implementation of digital and investment initiatives represents a strategic step to enhance the sustainability of endowment work and achieve the greatest possible impact of endowment revenues in serving society.

Al-Mutawa pointed out the importance of moving forward with the implementation of digital transformation and smart endowment initiatives, and enhancing endowment investments in a way that achieves financial and social sustainability, and serves Dubai’s strategic goals in the fields of charitable work and community development, in fulfillment of the directives of the wise leadership to make Dubai a global model in sustainable endowment management.

Issa Al Ghurair:

• The executive plan for endowment banks, zakat and charity, consolidates the sustainability of endowment work and enhances its role in supporting the “Dubai Social Agenda 33”.