Faraj Bin Hamooda Allocates a 30 Million Dirham Building in Support of the “Umm Al-Emarat Endowment for Orphans”
In an inspiring move that showcases community cooperation and humanitarian solidarity, Emirati businessman Faraj Ali Bin Hamooda has announced the allocation of a building valued at 30 million dirhams to support the “Umm Al-Emarat Endowment for Orphans” campaign. This initiative, launched by the Abu Dhabi Authority for Islamic Affairs and the Management of Minors’ Funds under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, aligns with the state’s efforts to focus attention on families and children during the “Year of the Family.” This support reflects the community’s commitment to creating a better future for orphans and redefines the concept of endowment in the modern world.
Initiative to Enhance Sustainability and Care for Orphans
This initiative is part of a broader framework aimed at supporting orphans and providing a sustainable endowment funding source focused on improving the quality of life for orphaned children and helping them integrate into society in effective and impactful ways. Allocating a building to serve as an endowment for this campaign embodies the practical transformation of assets into development resources that secure the necessary returns to support education, healthcare, and enable dignified living. This endowment model is innovative, achieving the campaign’s strategic objectives in supporting orphans.
Firm Belief in the Importance of Endowment
Faraj Ali Bin Hamooda emphasized that this allocation reflects his belief in the importance of endowment as a strategic developmental mechanism that ensures the continuity of support and maximizes humanitarian impact. He stated, “Caring for orphans is a shared societal responsibility that requires the concerted efforts of individuals and institutions to establish the values of solidarity.” This affirmation reflects the vision of the Abu Dhabi community in investing in people as the highest form of investment and highlights the importance of transforming giving into sustainable models that ensure a future for orphans.
Effective Community Partnership
On another note, Fahd Abdulqader Al-Qasim, General Manager of the Abu Dhabi Authority for Islamic Affairs and the Management of Minors’ Funds, spoke about the importance of this initiative, considering it a significant step toward enhancing the institutional endowment model. He said, “Allocating these real estate assets as endowments strengthens aspects of community support and forms a unique building block in the institutional framework for sustainable giving.” Al-Qasim praised this initiative, noting that it reflects effective community partnership in supporting humanitarian work in the long term.
This initiative is part of a series of qualitative steps taken by the “Umm Al-Emarat Endowment for Orphans” campaign, aimed at reviving the concept of endowment in contemporary forms and transforming donations into sustainable assets that ensure the continuity of giving and amplify its impact across generations, reflecting the noble values embodied in Emirati society.