Awqaf Ministry receives QR2m endowment for ‘Waqf Al Wuqoof’ initiative
<p>Doha, Qatar: The General Directorate of Endowments at the Ministry of Awqaf and Islamic Affairs has received a new cash endowment worth QR2m from a philanthropist for the ‘Waqf Al Wuqoof’ endowment under the Waqf for Righteousness and Piety fund.</p> <p>The endowment is subject to a condition that its returns be reinvested to establish a new endowment every year, creating a sustainable cycle…
In Doha, Qatar, the General Directorate of Endowments within the Ministry of Awqaf and Islamic Affairs has received a QR2 million cash endowment for the "Waqf Al Wuqoof" initiative, as part of the Waqf for Righteousness and Piety fund. This donation comes with the stipulation that its returns must be reinvested annually to establish new endowments, fostering a sustainable cycle of asset growth and long-term benefits.
The donor has a history of charitable giving, previously registering endowments in cash and shares, demonstrating a continuous commitment to supporting the endowment sector and allocating a portion of their wealth to assets that yield benefits for generations. According to Eng Hassan bin Abdullah Al Marzouqi, the General Director of the General Directorate of Endowments, this latest contribution showcases the cultural significance of waqf in Qatari society and the ongoing generosity of benefactors in diversifying their charitable contributions.
The General Directorate of Endowments is committed to expanding the endowment asset base through such contributions, ensuring the fund can effectively serve the community in line with the conditions set by donors. Within the Ministry's 2025-2030 strategic plan, the Directorate aims to strengthen the endowment and zakat system, enhance endowment returns, and increase the value of assets to secure sustainable resources for long-term impact.
These efforts align with the Ministry's promotion of endowment and will awareness, reinforcing their societal importance and advancing the management of endowment assets in accordance with Qatar National Vision 2030. The General Directorate adheres to Shariah controls and approved institutional standards while following donors' conditions, which guide the utilization of endowment assets and their returns.
Donors' practice of adding new endowments to their existing charitable assets represents a renewed form of generosity, contributing to the accumulation of endowment assets and expanding resources to address community needs over time. The "Waqf Al Wuqoof" initiative, part of the Waqf for Righteousness and Piety fund, focuses on reinvesting endowment returns to create new endowments annually, ensuring a continuous flow of resources and benefits.
Written by urgent.news from The Peninsula Qatar's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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