AWQAF Dubai has distributed AED 30.4 million in investment profits to minor beneficiaries for 2024 — a record high and a 13% increase of AED 3.4 million over the AED 26.7 million disbursed the previous year. A total of 2,263 beneficiaries received funds through the Minors and Endowments Trust Foundation, reinforcing AWQAF Dubai's mandate to manage and grow cash assets held in trust for minors.
Record Payout Reflects Strong Investment Returns
The 2024 distribution marks the latest in a streak of year-on-year growth for the foundation. AWQAF Dubai Secretary-General His Eminence Ali Mohammed Al Mutawa confirmed the foundation's commitment to the protection and preservation of minors' assets, in line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
All investments are managed in strict accordance with Shariah rules, targeting risk-minimised returns across a diversified portfolio of real estate, commercial activities, and financial stocks.
Portfolio Includes Stakes in Parkin, Salik, and DEWA
AWQAF Dubai's investment approach targets stable, low-risk government-linked entities and public joint-stock companies. The foundation holds stakes in Parkin, Salik, and DEWA — some of Dubai's most prominent listed companies — providing steady returns while protecting the principal held on behalf of beneficiaries.
Al Mutawa noted that the foundation continues to pursue diversification, seeking new investment opportunities while maintaining prudent management of minors' funds.
AED 1.015 Billion in Assets Under Management
By the end of 2023, total assets managed by AWQAF Dubai on behalf of minors and those under guardianship reached AED 1.015 billion. The portfolio spans bank balances, real estate holdings, and other investments. Profits are distributed to beneficiaries after coordination with relevant authorities, ensuring transparency and legal compliance throughout the process.
AWQAF Dubai remains committed to growing these assets year on year to secure the long-term financial welfare of the minors and dependants under its guardianship.
