Awqaf Ministry receives new endowment worth QR200,000

Doha, Qatar: The General Directorate of Endowments at the Ministry of Awqaf and Islamic Affairs has received a new cash endowment worth QR200,000, don...

Doha, Qatar: The General Directorate of Endowments at the Ministry of Awqaf and Islamic Affairs has received a new cash endowment worth QR200,000, donated by a benefactor under the supervision of the Directorate. 

The donor stipulated that the proceeds of the endowment be allocated to the Endowment Fund for Righteousness and Piety, reflecting the commitment of charitable individuals to support endowment initiatives that contribute to strengthening social solidarity and sustainably developing charitable resources.

Cash endowments are among the forms of waqf that allow capital to be invested in well-planned investments that generate periodic returns.

These returns can then be directed to various charitable causes according to the conditions set by donors, thereby enhancing the capacity of endowment funds to implement their social and humanitarian programmes and initiatives on a continuous basis.

According to the records of the General Directorate of Endowments, this endowment is the donor’s first, marking a step toward participation in institutional endowment work and reflecting growing awareness of the importance of waqf as an organised tool that contributes to achieving sustainable social impact serving different segments of society.