Dubai Islamic Bank Commits AED11 Million to 'Dubai Schools' Initiative

Photo : Dubai Government Media Office

Dubai Islamic Bank Joins Forces with Knowledge Fund Establishment to Bolster 'Dubai Schools' Initiative Dubai Islamic Bank has solidified its commitment to community welfare by partnering with the Knowledge Fund Establishment to support the ambitious 'Dubai Schools' project. The bank's pledge of AED11 million underscores its dedication to advancing educational opportunities and aligns with the broader goals of Dubai's Social Agenda 33 and the bank's Corporate Social Responsibility strategy.

This strategic collaboration, aimed at realizing the vision set forth by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, emphasizes the importance of public-private partnerships in driving societal progress. Moreover, it echoes the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, to prioritize investment in education to nurture future generations of leaders across all domains.

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The agreement, ceremoniously signed at Dubai Islamic Bank's headquarters, witnessed the presence of dignitaries including His Excellency Abdulla Mohammed Al Awar, CEO of the Knowledge Fund Establishment, and Obaid Khalifa Al Shamsi, Chief Operating Officer at Dubai Islamic Bank, among others. H.E. Al Awar emphasized the Establishment's unwavering commitment to forging partnerships with various entities in Dubai, aligning with the emirate's vision to fortify the education sector and stimulate its growth.

Speaking on the occasion, Al Awar highlighted the pivotal role of public-private collaborations in fostering educational excellence and nurturing the potential of future generations. He underscored the Knowledge Fund Establishment's mission to encourage investments in educational initiatives that promise long-term benefits for society at large.

Obaid Khalifa Al Shamsi expressed Dubai Islamic Bank's enthusiasm for contributing to the 'Dubai Schools' project, emphasizing its pivotal role in honing the skills and knowledge of students. By empowering them with the requisite tools, the bank aims to equip students to thrive in an ever-evolving economic landscape. Al Shamsi reiterated the bank's steadfast commitment to supporting diverse educational, cultural, and qualitative initiatives that enhance societal well-being.

As an integral component of the 'Dubai Schools' project, schools established by the Dubai government and operated by private sector entities uphold stringent international standards to deliver top-tier education to Emirati students and students from diverse backgrounds. This initiative aligns seamlessly with Dubai's overarching vision of providing exceptional education and establishing cutting-edge educational institutions that rival global benchmarks.

The 'Dubai Schools' project, unveiled by HH Sheikh Hamdan bin Mohammed in March 2021, has already witnessed the inauguration of two schools in the Mirdif and Al Barsha areas, with a third school opening in the Nad Al Sheba area in 2022. Presently, the schools boast an enrollment exceeding 2,500 students, with plans underway to accommodate up to 15,000 students by the academic year 2032/2033 through expansive project expansions.