"Dubai Endowments and Women’s Endowments" They launch an endowment fund to support the mass wedding initiative

Dubai, 12 July / WAM / The Endowments Foundation and Minors’ Fund Management in Dubai and the Al Nahda Women’s Association in Dubai launched an innovative endowment fund to support the mass wedding initiative and provide a sustainable source of financing that contributes to enhancing family stability, in addition to implementing a package of endowment and community initiatives aimed at supporting the Emirati family and consolidating the values ​​of solidarity and giving in line with the Year of Society initiatives.

Under a memorandum of understanding between the two parties, the Endowment Fund aims to provide sustainable financial support for the initiative, in addition to contributing to family rehabilitation programs for those approaching marriage in a way that enhances family stability and measures social impact through effective and sustainable community partnerships, with the support coming from the Social Endowments Bank of the Dubai Endowments.

The memorandum of understanding stipulates the exchange of experiences between the two parties in the areas of supporting and empowering citizen families in a way that enhances family cohesion and stability, in addition to enhancing the culture of endowment through implementing awareness campaigns and sharing educational materials with the strategic partners of the Al Nahda Women’s Association, which contributes to expanding community participation and consolidating the culture of endowment and sustainable charitable work.

Areas of cooperation also include launching and supporting sustainable endowment projects that achieve permanent returns to serve joint development and humanitarian initiatives, in addition to Dubai Endowments’ annual contribution to sponsoring and organizing the “Group Wedding” initiative and officially approving it among the strategic sponsors of the initiative in appreciation of its role in supporting its sustainability and enhancing its societal impact.

The two parties also agreed to cooperate in supporting the “Apple of an Eye” initiative by contributing to its programs and initiatives and providing financial or in-kind support according to the agreement, in addition to implementing joint initiatives that enhance family cohesion and community values, cooperating in seasonal and charitable initiatives, and working to develop new areas of cooperation to serve common goals.

The two sides stressed that this partnership represents a qualitative step towards developing innovative endowment models that support the sustainability of community initiatives and contribute to empowering the Emirati family and consolidating the endowment culture as an essential pillar for sustainable development and enhancing the quality of life in society.

His Excellency Ali Mohammed Al Mutawa, Secretary-General of the Endowments Foundation and Minors’ Fund Management in Dubai, said that the partnership with the Al Nahda Women’s Association embodies the Foundation’s approach towards using the endowment to support community initiatives with a sustainable impact, noting that the launch of the Endowment Fund to support group weddings represents an innovative model of endowment investment in serving the Emirati family and enhancing its stability.

He added that the fund will receive support from the Foundation’s Social Endowments Bank, which will provide a sustainable endowment resource that supports the mass wedding initiative and contributes to family rehabilitation programs for those about to get married, based on the Foundation’s vision of using the endowment as a development tool that enhances the quality of life and consolidates the values ​​of solidarity and family stability.

He explained that cooperation with Dubai Women reflects the integration of roles between government and community institutions in developing sustainable endowment initiatives that achieve a tangible social impact and contribute to empowering the Emirati family and enhancing its stability, in line with the goals of the Dubai Social Agenda and the UAE’s vision of building a more cohesive and sustainable society.

For her part, Her Excellency Dr. Fatima Al Falasi, Director General of the Al Nahda Women’s Association in Dubai, confirmed that this strategic partnership with the Endowment Foundation and the Management of Minors’ Funds in Dubai represents a qualitative step towards enhancing the sustainability of community initiatives, most notably the “Group Wedding” initiative, which contributes to supporting the stability of the Emirati family and enabling young people to build a stable family life.

She said that launching an endowment fund to support mass weddings embodies a shared vision that believes that investing in the family is an investment in the future of society and that the endowment represents a basic pillar to ensure the sustainability of initiatives that have a social and humanitarian impact.

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