Complementing the Sheikh Mohammed Bin Rashid’s Awqaf initiative
- Awqaf initiative brings innovative approach for community advancement, says Sunny Varkey
- We have a crucial role in the community and the new initiative will further support it, says Sunny Varkey
- Private sector should have a constructive role in community growth, notes Sunny Varkey
Dubai: GEMS Education has announced its support to the Dubai Awqaf & Endowment vision announced by HH Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, through the Mohammed bin Rashid Global Centre for Endowment Consultancy, to meet the Arab world’s social needs.
Accordingly, GEMS Education will set aside 4 per cent of its school seats, which is equivalent to providing educational opportunity for 3,000 students, who are unable to pay fees, through an educational endowment. This will further strengthen the UAE’s education sector.
Honouring its commitment to the community and to inspire other private sector educational providers, GEMS Education received the Dubai Awqaf & Endowment Sign from the Mohammed bin Rashid Global Centre for Endowment Consultancy.
Sunny Varkey, Founder & Chairman of GEMS Education, said: “We are proud to support the community we serve in, and as a private entity, we look forward to strengthening our partnership in promoting the welfare of the community through various initiatives. The announcement of the global Awqaf and Endowment initiative by HH Sheikh Mohammed bin Rashid Al Maktoum, has offered a strong platform for the private sector to support the community effectively.
“We have therefore decided to work with the Mohammed bin Rashid Global Centre for Endowment Consultancy and highlight our role in supporting the educational sector through our new endowment. We chose the educational endowment as it is the sector we work in and we are confident of making a positive impact in the community.”
Dr. Hamad Al Hammadi, Secretary General of Mohammed bin Rashid Global Centre for Endowment Consultancy, said: “We are delighted with the prompt response of GEMS Education in supporting the initiative by setting aside seats for students. The Dubai Awqaf & Endowment Sign presented to GEMS Education from the Centre highlights their effective role in making a difference to the community.”
He added that the website of the Centre, www.MBRgcec.ae welcomes queries from individuals and organisations that are ready to receive the Dubai Awqaf & Endowment Sign. The Centre will provide consultancy to government and private sector entities in supporting the community through this new initiative.
HH Sheikh Mohammed bin Rashid Al Maktoum had launched the Mohammed bin Rashid Global Centre for Endowment Consultancy as part of the MBR Global Initiatives. It is the largest international initiative for the endowments. It will aim to achieve its global vision through empowering Awqaf and Endowments to meet the social needs of the Arab world.
It provides free-of-charge services to individuals as well as local, regional and international institutions to transform Awqaf and Endowments into one of the most prominent initiatives for development in the Arab world. The Centre also endeavours to provide consultancy for establishing and managing Awqaf and Endowment institutions based on global best practices. It focuses on Awqaf and Endowment knowledge management by conducting and managing research, studies, conferences, workshops and establishing relevant partnerships.