Methaq donates AED 3 million ($817,000) to UAE Red Crescent Authority


25/01/2011 00:00 AST  CPI Financial

Abdullah Al-Maamari, Managing Director, Methaq Takaful, presented the cheque to HE Ahmed Humaid Al Mazrouie, , Chairman of the RCA's Board of Directors, at the RCAs' headquarters in Abu Dhabi, in presence of HE Mohammed Khalifa Al Qemzi, RCA Secretary General, and Khalil Ghneim, Methaq's General Manager.

Al-Maamari said, "We are keen to give the Zakat money to the concerned official bodies in the UAE to take the responsibility of distributing it to the needy and beneficiaries through their Islamic banks.

"The RCA plays a significant role in helping needy families and the poor in the country. Its activity expands all over the world in an effort to reach out to the poor and the needy wherever they are. This is why Methaq decided to give AED 3 million Zakat amount to the RCA in support of its efforts and initiatives."

He pointed out that Methaq Takaful is fully aware of its social responsibility obligations, and it is always keen to pay Zakat on time, in addition to offering donations and aid as a part of the social responsibility it shoulders towards local and global humanitarian issues and social solidarity and its commitment to support community development endeavours.

Methaq Takaful Insurance Co. - METHAQ
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | News Archive

JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT
Most Viewed Companies
Ticker Price Volume
SABIC 116.18 5,746,668
EMAAR 10.35 18,139,980
SPIMACO 46.74 1,153,774
RIBL 20.33 1,160,267
TAWUNIYA 69.17 822,764
SORAYAI 21.71 2,346,253
EEC 85.73 1,781,277
Recent News

Bank of Japan touting economic benefits of foreign tourists
TOKYO -- The Bank of Japan is hoping the growing ranks of foreign tourists will help underpin the country's stalling economy and prove that a weak yen can, indeed, be beneficial.

Atsu

Euro rebounds in Asia after drop on ECB easing plan reports
TOKYO: The euro rebounded modestly in Asia on Wednesday after it dropped in New York on reports that the European Central Bank could expand its bond-buying programme.

In Tokyo afternoon tr

Aluminum Retreats as European Factory Output Seen Contracting
Aluminum fell for first time in five days before a gauge that may show euro-area factory output contracted for the first time in 15 months and after a similar manufacturing report on China beat estim

Exxon Partner Oil Search to Decide on LNG Expansion by End 2016
Oil Search Ltd. (OSH) plans to decide on adding new liquefied natural gas processing plants by the end of 2016, as the Papua New Guinea-focused company outlined plans that may double output by early

UK consumer confidence tumbles in October on job insecurity: survey
(Reuters) - Consumer confidence in Britain took its biggest tumble in four years this month as workers in low-paid sectors worry about losing their jobs in an economic slowdown, a survey published on

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Which of the following do you think is the best long-term investment?