Awqaf Receives QR400,000 Endowment For Jabal Thuaileb Project

(MENAFN- The Peninsula) The Peninsula

Doha, Qatar: The General Directorate of Endowments at the Ministry of Awqaf and Islamic Affairs has received a new cash endowment of QR400,000 from a donor to support the Jabal Thuaileb Waqf Project in Lusail, with its proceeds allocated to the Waqf Fund for Righteousness and Piety.

The endowment, placed under the supervision of the General Directorate of Endowments, represents a continuation of the donor's previous contributions, reflecting a commitment to supporting charitable initiatives and investment projects that generate sustainable returns for the benefit of society.

Located in the Jabal Thuaileb area of Lusail, the major real estate endowment project comprises 25 residential buildings containing 881 apartments of various types. It is being developed on a plot covering approximately 69,000 square metres, with a total built-up area of around 192,575 square metres.

The project aims to develop endowment assets and generate sustainable income, providing renewable financial resources for charitable activities while ensuring that proceeds are allocated in accordance with donors' conditions.

Assistant Director of the Waqf Funds Department at the General Directorate of Endowments Ali Hamad Al Mohannadi Al Marri, said the contribution to the Jabal Thuaileb project represents a model of participation in long-term real estate investment projects that help develop endowment resources and generate recurring returns for designated charitable purposes.

He said the General Directorate is working to develop real estate endowment projects and diversify investment opportunities, while preserving and growing assets and maximising the benefits of their returns. These efforts aim to achieve financial sustainability and strengthen the capacity of endowment funds to meet evolving community needs.

Al Marri added that the continued establishment of new endowments reflects growing awareness of the role of waqf in development and social welfare. Participation in investment-based endowment projects helps secure renewable resources whose benefits can extend to future generations, while respecting donors' conditions and fulfilling their intentions.

The fund is one of six endowment funds supervised by the General Directorate of Endowments. It supports a wide range of charitable and humanitarian activities, allowing proceeds to be directed towards various good causes in accordance with donors' conditions.

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