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


25/01/2011 00:00 AST

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.

CPI Financial
Methaq Takaful Insurance Co. - METHAQ
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | News Archive
Most Viewed Companies
Ticker Price Volume
QNBK 147 119,837
SABIC 95.89 2,447,604
MMG 12.55
WARBABANK 265 805,745
GFH 0.72
EMAAR 7.25 3,887,625
AGLTY 650 2,407,748
Recent News

Oman shares fall taking cues from regional bourses
Following regional cues, the MSM30 Index dropped 0.22 per cent to finish at 5,617.68 points. The MSM Sharia Index closed at 843.70 points, down 0.32 per cent. Bank Sohar was the most active in terms

Oman well positioned to develop halal food industry, say experts
Oman has several advantages in tapping the growing market for Islamic or Sharia-compliant products and services across the world, according to Islamic finance experts, who attended a major conference

QSE holds educational day at Qatar University college to raise student
The Qatar Stock Exchange (QSE), in cooperation with Qatar University, yesterday held an educational day at the College of Business and Economics.

The event, which included a simulation tradi

QIB named the ‘Best Islamic Financial Institution in GCC’ by Global Fi
Qatar Islamic Bank (QIB), Qatar’s leading Shariah-principled lender, has been named ‘Best Islamic Financial Institution in Qatar and the Gulf Cooperation Council (GCC)’ by the US-based Global Finance

Qatar-UK Forum to focus 'beyond real estate'
The high-profile Qatar-UK Business & Investment Forum, scheduled to be held in London and Birmingham next week, will provide a significant platform to further the important trade and investment relat

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

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?