The Global Vision for Endowments aims to revive the practice of endowment through innovative applications that are far shifted from the traditional perception of awqaf
On the occasion of the President, His Highness Shaikh Khalifa bin Zayed Al Nahyan, declaring 2017 as the 'Year of Giving', Gulf Drug announced the support of the medical education endowment in Mohammed Bin Rashid University of Medicine and Health Sciences (MBRU) by providing endowment scholarships for medicine in the University in addition to endowment fund support. The endowment initiative was launched by the Mohammed bin Rashid Global Centre for Endowment Consultancy (MBRGCEC) in coordination with Mohammed Bin Rashid University of Medicine and Health Sciences (MBRU) following announcement of the ‘Global Vision for Endowment’, which was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, to revive the practice of endowment through innovative applications.
The concept of medical education endowment was established to strengthen the utilization of endowment through innovative applications into endowments projects. conventional Based on this initiative, Gulf Drug will receive the Dubai Endowment Sign from the MBRGCEC, one of the key initiatives under the Mohammed bin Rashid Global Initiatives, in recognition of their contribution to the community as a model for private sector enterprises. This sign gives procurement privileges for the private sector with Government of Dubai entities as per the directives of H.H. Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai.
Zeyad Hassan Almoosa – Managing Director at Gulf Drug said: “Our participation in the medical education endowment derives from the year of giving announced by H.H. Sheikh Khalifa Bin Zayed Al Nahyan, UAE President, and the global vision of endowment adopted by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai. The private sector has an impactful role in education. We hope that this innovative endowment will establish the required impact in the society”.
Speaking on the importance of private sector corporate social responsibility initiatives in developing the healthcare sector, Professor Alawi Alsheikh-Ali, Dean of the College of Medicine at MBRU, said, “Such contributions play an important role in developing medical education in the UAE and support us in building our future medical capacity. We at MBRU would like to thank Gulf Drug for their support and we hope that this gesture will encourage others to participate in the Medical Education Endowment, an important tool in our efforts to meet the country’s evolving healthcare needs.”
Dr. Hamad Al Hammady, Secretary-General of the Mohammed bin Rashid Global Centre for Endowment Consultancy stated: " Declaring 2017 as the 'Year of Giving' by His Highness Shaikh Khalifa bin Zayed Al Nahyan, UAE President, is a great opportunity for all private sector companies to utilize the innovative endowment concept. The Innovative endowment, part of the Global Vision for Endowments, which was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai has opened a wide door to the development of communities, which brings this important development tool to support community development. The innovative endowment adopted by Mohammed bin Rashid Global Centre for Endowment Consultancy serves to provide unlimited opportunities for government and private sector institutions and works to advance the narrow definition of Awqaf and its perception, hence the importance of the contribution of the public and private sectors, which can devise initiatives that support the development of communities and meet various social needs. We believe that the contribution of the community through innovative endowments are unlimited and government and private sector institutions can participate in the service of the community regardless of the size of their contribution. Gulf Drug has become a partner in the community by contributing through the innovative endowment, and will be provided the Dubai Endowment Sign launched by His Highness."
The Secretary General of the Centre said that the website - www.MBRgcec.ae is ready to receive inquiries from all interested individuals and organizations wishing to obtain the Dubai Endowment Sign.
The Centre will also provide the necessary consulting to public and private institutions in promoting community contribution by the Dubai Endowment Sign, which helps build a range of community services that address the most important needs of the community through the active participation of institutions.
The Dubai Endowment Sign was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, as a key initiative of the Global Vision for Awqaf and Endowments, and highlights community participation by providing an opportunity to government and private sector institutions to participate in community service through innovative endowments in favor of the development needs of the community.
The Mohammed Bin Rashid Global Centre for Endowment Consultancy, one of the Mohammed bin Rashid Global Initiatives, will oversee the largest global initiative to revive Endowments including legislation and rules for endowments, products and services and the Endowment district. The new Centre will work on the implementation of the Dubai Awqaf and Endowments Strategy and achieving the Global Vision in this area by stimulating and empowering awqaf and endowments to meet the pressing social needs of people. The Centre will provide services to members of local, regional and global institutions at no cost to convert Awqaf into one of the main catalysts of development in the Arab world. The Centre works to provide Awqaf and endowment consulting according to international best practices, and consulting in wqaf and endowments deployment options to enhance the social impact for the benefit of the Arab people. The Centre also works on knowledge management in the field of Awqaf and endowments through research, studies and the organization of conferences, workshops and partnerships, as well as capacity-building and raising the efficiency of employees working in this area.
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