In a shining moment of recognition, Awqaf Dubai, through the Mohammed bin Rashid Global Centre for Endowment Consultancy, has awarded the coveted ‘Dubai Endowment Sign’ to the Dubai Electricity and Water Authority (DEWA). Why? Because DEWA isn’t just powering homes—it’s now fueling hope, charity, and sustainability across the region. The honor comes in light of DEWA’s significant contribution to the groundbreaking Sukuk Al Waqf initiative—the first charitable endowment bond of its kind in the region.
Imagine a sukuk (Islamic bond) that doesn’t just yield financial returns, but social impact. The Sukuk Al Waqf is a revolutionary move in the philanthropic world, merging the financial wizardry of sukuks with the timeless value of waqf (endowment). And DEWA, being the forward-thinking institution it is, decided not only to support this initiative but to supercharge it with its institutional might.
This isn’t just about ticking CSR boxes—DEWA’s involvement signifies a major step forward in integrating sustainability into corporate DNA. By backing Sukuk Al Waqf, DEWA is helping to lay the foundation for a new model of charitable giving that’s scalable, Sharia-compliant, and driven by innovation. The funds raised through these sukuks are channeled into long-term, impactful social projects that align with the UAE’s goals for sustainable community development.
The ‘Dubai Endowment Sign’ is no ordinary plaque—it’s a stamp of visionary generosity, awarded to organizations that go beyond traditional giving and invest in community-driven futures. DEWA now joins an elite club of institutions committed to empowering societies, not just through services, but through shared prosperity.
This award also reflects Dubai’s broader strategy of blending tradition with innovation—whether through blockchain real estate, smart cities, or in this case, a smart twist on ancient Islamic philanthropy.
In short, DEWA’s lights aren’t just on—they’re glowing with purpose.
