President approves the Law of Charitable Endowment in the UAE

President approves the Law of Charitable Endowment in the UAE

President HH Sheikh Khalifa bin Zayed Al Nahyan has adopted the Law of Charitable Endowment in the UAE which provides an enabling environment for charitable work, community participation and social solidarity in all aspects of life. The Law provides the best legislative environment for the establishment of endowments in the UAE as well as the world.

It will promote the values of helping and generosity instilled by the founding father, the late Sheikh Zayed bin Sultan Al Nayhan and seeks to expand the benefits of the endowment to cover various social, scientific, cultural and environmental fields. The detailed Law of Endowment includes 40 articles, provides definitions and types of the endowment. There are articles relating to the endowment process, provisions, and legislative requirements.