Dubai : The Endowments and Minors’ Trust Foundation in Dubai (AWQAF Dubai) has announced the distribution of AED 30.4 million in profits from investments made on behalf of minors and those under guardianship for 2024. This initiative reflects AWQAF Dubai’s commitment to managing and investing funds allocated for minors.

A total of 2,263 minors and beneficiaries received the profits, marking a 13% increase in disbursements compared to the previous year, which amounted to AED 26.7 million. The rise highlights AWQAF Dubai’s consistent growth in returns from investments across real estate, commercial ventures, and financial portfolios.

Ali Mohammed Al Mutawa, Secretary-General of AWQAF Dubai, emphasized the Foundation’s dedication to protecting and growing minors’ funds, in line with directives from Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai. By adhering to Sharia principles and strategically investing in low-risk ventures, AWQAF Dubai aims to maximize returns while safeguarding the funds of minors and other beneficiaries. As of 2023, the total assets managed by AWQAF Dubai on behalf of minors reached AED 1.015 billion.