Awqaf Capital Enhances Endowment Management and Investment Services

Photo : Abu Dhabi Media Office

Awqaf Abu Dhabi has launched Awqaf Capital, a new project that will improve the financial system in Abu Dhabi. This project will help make Abu Dhabi a stronger place for business and investments. The announcement was made by His Excellency Fahad Abdul Qader Al Qassim, the leader of the Endowments and Minors Funds Authority, during the Abu Dhabi Finance Week event. This event was supported by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi.

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Al Qassim said that starting Awqaf Capital shows how much Abu Dhabi cares about improving its financial systems. The project will help make the city a leader in business around the world. Awqaf Capital will help support investments in different businesses and will also use Abu Dhabi’s place as a link between different markets around the world.

Al Qassim gave examples of how endowments have been successful in the United States. For example, in 2021, US universities had more than $691 billion in endowments, and Harvard University alone had $53 billion. These funds help support research, education, and public services. Awqaf Capital wants to follow this example and help grow the impact investment market, which reached $1 trillion in 2022. This market is expected to keep growing until 2030.

Awqaf Capital aims to create new ways to use money that help both investors and the economy. The plan includes using different markets, bringing new ideas to how money is used, and focusing on important industries that will lead to future growth. This plan makes sure that investments can handle changes in the market and still provide good returns.

Al Qassim also said that Awqaf Abu Dhabi investments are not just about making money. They also help improve society and create positive changes. He encouraged businesses to support projects that will help the economy and people’s lives while also making money.

Awqaf Abu Dhabi was created in 2023 to turn wealth management into a tool to help the community and the country. Al Qassim said that Awqaf Abu Dhabi’s goal is to improve the lives of everyone in society. He invited investors to join Awqaf Capital and help create investment opportunities that benefit both the economy and people’s lives.

Along with its investments, Awqaf Abu Dhabi also manages income-producing assets and runs programs that help people, like educational scholarships, healthcare, and social services.