Key Takeaways
- • The General Directorate of Endowments at Qatar's Ministry of Awqaf and Islamic Affairs received a new cash endowment of QR400,000 from a donor to support the Jabal Thuaileb Waqf Project in Lusail.
- • The donation is a continuation of the donor's previous contributions and is placed under the Directorate's supervision, with proceeds allocated to the Waqf Fund for Righteousness and Piety.
- • The Jabal Thuaileb project is a real estate endowment comprising 25 residential buildings with 881 apartments on roughly 69,000 square metres, with a total built-up area of around 192,575 square metres.
- • The project is designed to generate sustainable, renewable income for charitable activities while honouring donors' conditions.
- • The fund is one of six endowment funds supervised by the General Directorate of Endowments.
Summary
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, according to The Peninsula Qatar. The contribution will support the Jabal Thuaileb Waqf Project in Lusail, with its proceeds allocated to the Waqf Fund for Righteousness and Piety. The endowment is a continuation of the donor's previous contributions and is placed under the supervision of the General Directorate.
The Jabal Thuaileb project is a major real estate endowment in the Jabal Thuaileb area of Lusail. It comprises 25 residential buildings containing 881 apartments of various types, developed on a plot of approximately 69,000 square metres with a total built-up area of around 192,575 square metres. The project aims to develop endowment assets, generate sustainable income and provide renewable financial resources for charitable activities, with proceeds distributed in line with donors' conditions.
Ali Hamad Al Mohannadi Al Marri, Assistant Director of the Waqf Funds Department at the General Directorate of Endowments, said the contribution represents a model of participation in long-term real estate investment projects that build endowment resources and generate recurring returns for designated charitable purposes. He said the Directorate is working to develop real estate endowment projects, diversify investment opportunities, and preserve and grow assets to achieve financial sustainability and meet evolving community needs. Al Marri added that the establishment of new endowments reflects growing awareness of waqf's role in development and social welfare.
The Waqf Fund for Righteousness and Piety is one of six endowment funds supervised by the General Directorate of Endowments. It supports a broad range of charitable and humanitarian activities, with proceeds directed toward various causes in accordance with donors' conditions.
The Jabal Thuaileb project is a major real estate endowment in the Jabal Thuaileb area of Lusail. It comprises 25 residential buildings containing 881 apartments of various types, developed on a plot of approximately 69,000 square metres with a total built-up area of around 192,575 square metres. The project aims to develop endowment assets, generate sustainable income and provide renewable financial resources for charitable activities, with proceeds distributed in line with donors' conditions.
Ali Hamad Al Mohannadi Al Marri, Assistant Director of the Waqf Funds Department at the General Directorate of Endowments, said the contribution represents a model of participation in long-term real estate investment projects that build endowment resources and generate recurring returns for designated charitable purposes. He said the Directorate is working to develop real estate endowment projects, diversify investment opportunities, and preserve and grow assets to achieve financial sustainability and meet evolving community needs. Al Marri added that the establishment of new endowments reflects growing awareness of waqf's role in development and social welfare.
The Waqf Fund for Righteousness and Piety is one of six endowment funds supervised by the General Directorate of Endowments. It supports a broad range of charitable and humanitarian activities, with proceeds directed toward various causes in accordance with donors' conditions.
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