AWQAF Dubai Distributes Record AED 30.4 Million in 2024 Profits for Minors

The Endowments and Minors' Trust Foundation in Dubai announced a record distribution of AED 30.4 million from investments for minors in 2024, marking a 13% increase in disbursements. AWQAF Dubai emphasizes safeguarding minors' funds through strategic and low-risk investments, in line with directives from Dubai's leadership.

Dubai's Endowments and Minors' Trust Foundation (AWQAF Dubai) has unveiled a landmark profit distribution of AED 30.4 million for the year 2024. These funds, derived from investments dedicated to minors, mark a significant 13% increase in disbursements compared to the previous year, highlighting the foundation's commitment to effectively managing and investing in these assets.

The Secretary-General of AWQAF Dubai, Ali Mohammed Al Mutawa, underscored the organization's dedication to ensuring the safety and growth of minors' funds in accordance with Sharia principles. With a focus on low-risk ventures, AWQAF Dubai's investment avenues include real estate, commercial enterprises, and financial stocks, among others. The foundation continues to secure gains while adhering to the directives of Dubai's leadership, aligning with Mohammed bin Rashid Al Maktoum's vision.

By the end of 2023, AWQAF Dubai managed assets amounting to AED1.015 billion, covering a diverse range of investments such as bank deposits, real estate, and commodity portfolios. The organization remains fervent in expanding their portfolio, pursuing strategic growth opportunities to maximize returns and safeguard the financial interests of minors.

(With inputs from agencies.)