The Board of Directors of the Awqaf and Minors Affairs Foundation (AMAF) welcomed the recent launch of the unified endowment securities account at the Dubai Financial Market (DFM).
At its sixth periodic meeting, the Board agreed that the account will complement the innovative endowment products offered by the Foundation and encourage more donors and endowers to contribute to safe endowment projects.
Chaired by His Excellency Issa Al Ghurair, Chairman of AMAF, the Board meeting drew the presence of the board members including Their Excellencies Ahmed Darwish Al Muhairi, Dr Abdulaziz Al Hammadi, Huda Issa Buhamaid, Hamda Ibrahim Mohammed, Abdullah Ali Al Madani, as well as Their Excellencies Ali Al Mutawa, Secretary General of AMAF, and Khalid Rashid Al Thani, Deputy Secretary General.
As part of the agenda, the Board discussed the preparation of an improved strategy for the care and rehabilitation of minors and orphans, as well as the enhancement of the endowment development policy and minors’ assets. The strategy will seek to contribute to the priorities of the Dubai Plan 2021.
In its presentation to the Board, the Foundation included an assessment of the current situation, benchmarking, potential opportunities for improvement, and four proposed focus areas for the improved strategy, such as the role of the Foundation, fund development, stakeholder involvement and implementation of initiatives, especially the electronic integration project with strategic institutions and partners.
His Excellency Ahmed Darwish Al Muhairi, Chairman of the Charity Work Committee, briefed the Board on the Committee’s recommendations and achievements. He underlined the diversification of endowment spending initiatives through the adoption of innovative methods and linking them to the objectives of Dubai Plan 2021. And allocating 95% of the requests received from the official authorities collaborating in the implementation and classification of the charitable projects according to their spending across 33 projects, as well as the Committee’s approval of 94% of the presented funds for 2018.
His Excellency Issa Al Ghurair, Chairman of AMAF said: "The Board of Directors of the Awqaf and Minors Affairs Foundation is looking to implement an improved strategy that takes into account the Foundation’s understanding of future trends in minors care and endowment. More importantly, the strategy will help expand the number of beneficiaries of endowment, and continue to endorse innovation in achieving performance excellence in the services we provide to empower minors and build a cohesive society as a priority of the National Agenda of the UAE Vision 2021. The new strategy will also help activate the National Happiness and Positivity Programme that was recently launched by the UAE government at its annual meetings aimed at strengthening community cohesion."
For his part, His Excellency Ali Al Mutawa, Secretary General of AMAF, reiterated the importance of strengthening electronic integration within the Foundation and among government entities in order to accomplish Dubai’s e-government mandate and activate the pillars of a smart government.
He said: “Efficient electronic integration will enhance the performance of the government and facilitate the provision of government services to all segments of society. Such seamless digital transformation will elevate the UAE's position as a regional and global model for government efficiency and happiness.”