(WAM) — Dar Al Ber Society has started work on an endowment project, Al Jurf 2 in Ajman, at a total cost of AED47 million, to join its series of endowment projects in the UAE, which is a new residential building, consisting of 14 floors.
Last Thursday, Muhammad Suhail Al Muhairi, Executive Director of Dar Al Ber Society, laid the foundation stone for the endowment project, in the presence of personalities, association officials and representatives of the executive authorities of the project.
Al Muhairi said, “The project extends over a total area of 189,231.1 square feet, and includes three floors for parking, and 10 floors dedicated to luxury and varied residential apartments in terms of interior space and several shops.”
There are facilities for various public services, he said while pointing out that the proceeds of the new endowment will be allocated to the segment of orphans, who are sponsored by the Society, the righteous project for the memorisation of the Noble Qur’an for males and females and the Islamic Information Centre affiliated with the Society, which specialises in preaching with wisdom and giving good advice, introducing peace and spreading the values of tolerance and love.
Al Muhairi confirmed that the Society seeks to strengthen its charitable endowment projects system in the country by attracting new endowment projects, increasing their numbers and developing them annually, to provide stable sources of income for the association to develop its resources, support the charitable and humanitarian sector in the country, and consolidate the sustainability of its charitable work.
To provide resources to serve the needy, poor and low-income groups and community services, endowment projects are considered an essential pillar for support to needy groups.
Al Muhairi noted, “There is a need to spread and strengthen the endowment culture among the public and members of society and its institutions, given its great importance in the operations of financing charitable projects by finding a stable source of income for them.”
He stressed that the Dar Al Ber Society is keen to launch humanitarian initiatives and projects and various endowments to be able to support the needy segments of society, provide for their requirements and promote social development and sustainability in the country.
