Awqaf Ministry Receives Residential Building As Endowment

Doha, Qatar: The General Directorate of Endowments at the Ministry of Awqaf and Islamic Affairs has announced the receipt of a new investment endowment: a residential building located in Madinat Khalifa.

This generous donation, made by a benevolent first-time benefactor, falls under the“Endowment of Endowments” trust, which is part of the Endowment Fund for Righteousness and Piety.

This initiative represents a sustainable investment aimed at creating new endowments annually from its proceeds.

According to the endowment deed, the donor stipulated that the entire proceeds from the building must be allocated to the“Endowment of Endowments,” with the condition that a new endowment is established annually from these funds. This innovative approach significantly reinforces the concept of endowment sustainability and ensures the multiplication of charitable benefits over the long term.

Director of the General Directorate of Endowments Eng Hassan bin Abdullah Al-Marzooqi, commented on this occasion, stating that the receipt of this real estate endowment in Khalifa City embodies the desire of philanthropists to solidify the spirit of sustainable giving. He emphasized that the“Endowment of Endowments” is not merely a contribution but a foundation for renewable endowments, whose proceeds will be channeled into various projects over the years.

Al-Marzooqi added that this approach reflects a deep awareness of the importance of endowments as a tool for building a cohesive, supportive, and interconnected society. It firmly establishes a culture of sustainable charity in Qatar and highlights the crucial role of the General Directorate of Endowments in supporting such pioneering and innovative endowment visions.

The Director-General affirmed that the real estate endowment was executed according to a precise framework, starting from the drafting of the deed, through the verification of the donor's condition, and culminating in the General Directorate of Endowments being approved as the legitimate supervisor responsible for preserving the original asset and investing its proceeds in a manner that fulfills the donor's stipulations.

The General Directorate of Endowments established the Endowment Fund for Righteousness and Piety as part of its mission to maximize charitable benefit and fulfill the conditions of esteemed donors. This bank serves as a comprehensive umbrella for all diverse forms of righteousness stipulated by donors in their endowment deeds.

The“Endowment of Endowments” is considered one of the most prominent endowments affiliated with this bank. It embodies a renewed endowment vision focused on creating new endowments from the proceeds of the primary endowment, thereby enhancing sustainability and multiplying the impact of the endowment year after year.

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