Al Wifaq contributes AED 6.4 Million to Zakat Fund

Published September 28th, 2009 - 01:53 GMT
Al Wifaq Finance Company, a subsidiary of Union National Bank (UNB), has contributed AED 6.4 million to the “Zakat Fund”, highlighting its commitment to upholding Shari’ah values and supporting socio-economic growth programmes.
The contribution of Al Wifaq, which specializes in providing Sharia'h-compliant financing solutions, will be used to drive forward a number of charitable projects launched by Zakat Fund.  
His Highness Sheikh Nahyan Mubarak Al Nahyan, Minister of Higher Education & Scientific Research, Chairman of UNB Group, handed over a cheque of AED 6.4 Million to His Excellency Dr. Hadif Bin Jaw'an Al-Dhahiri, Minister of Justice, and Chairman of the Zakat Fund. The event took place on 27th September in the presence of officials from Al Wifaq, UNB and Zakat Fund as well as media representatives.
His Highness Sheikh Nahyan Mubarak Al Nahyan Minister of Higher Education & Scientific Research, Chairman of UNB Group, said: "Al Wifaq’s contribution to the Zakat Fund fulfils our mission and highlights our corporate values of supporting societal growth initiatives through UAE institutions that benefit the needy and deserving.  The choice of “Zakat Fund” was based on selecting an organization that plays an instrumental role in developing programmes that target and support different segments of society in line with the noble goals set by the government.
H.E. Dr. Hadif Bin Jaw'an Al-Dhahiri thanked H.H. Sheikh Nahyan Mubarak Al  Nahyan, Minister of Higher Education & Scientific Research, Chairman of UNB Group and praised their generous contribution. His Excellency Dr Hadif, further hoped that this initiative would expand to a broad vision adopted by all institutions and individuals to help people of the UAE and provide necessary sponsorship through well-respected institutions like the Zakat Fund that have clear and noble objectives as well as innovative activities and initiatives.

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