Banking & Finance Abu Dhabi to allow investors to donate shares to charity By Shane McGinley May 27, 2022, 9:24 AM Islamic Relief Islamic Relief's humanitarian work includes helping orphans in the Middle East The Abu Dhabi Securities Exchange (ADX) has signed an agreement to allow investors to fund charitable causes by donating some of their shares. The agreement with Dubai’s Awqaf and Minor Affairs Foundation (AMAF) will see dividends from the shares donated used to fund a wide range of charitable causes, and investors can choose which charities receive the funds. Zakat can save the world Ali Mohammed AlMutawa, Secretary General of AMAF, said in a press statement: “We are pleased to cooperate with ADX to facilitate donations toward charitable and humanitarian causes. “The income from the donated financial shares will be invested in various projects supporting education, health, scientific research, medical treatments, empowering orphans, people of determination and other legitimate endowment banks. “Our foundation’s strategy is to support charitable causes by building effective partnerships with various entities.” Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
