Methaq Takaful donates Dhs500,000 to Zakat Fund


14/04/2011 00:00 AST

Methaq Takaful Insurance Co. gave a Zakat amount of Dhs500,000 to the UAE's Zakat Fund. A delegation from Methaq Takaful, presided by the Managing Director Mr. Abdullah Al Maamarri, handed out a cheque with the said amount to H.E. Abdullah Bin Aqeeda Al Muhairi, Secretary General of Zakat Fund.

This was in presence of Mr. Khalil Ghneim, Director General of Methaq, Mohammed Al alawi, Executive Support Manager at Methaq. as well as Mr. Jamal Khalaf Al Mazroei, Head of the Fund's Zakat Resources & Information Dept., during the meeting held yesterday at Zakat Fund office in Abu Dhabi.

"The payment of Methaq's Zakat through the Fund is a proof of confidence of which the Fund is proud, as well as an initiative deemed as an actual interpretation of community involvement that contributes to the fulfillment of Zakat Fund objectives, especially raising awareness of Zakat importance and delivering funds to deserving people both inside and outside of UAE," said H.E. the Secretary General of Zakat Fund, while receiving the Zakat cheque,

He further added that the tendency amongst UAE-based companies and establishments to pay their own Zakat through Zakat Fund is quite a proof of the high esteem enjoyed by the Fund as well as of the integrity maintained while assuming the tasks and responsibilities entrusted to the Fund by the UAE leadership.

On his part, Mr. Abdullah Al Maamarri, Methaq's Managing Director, expressed his appreciation for the important and remarkable role played by Zakat Fund in serving Zakat within UAE, as the Fund is the first federal government authority within UAE specialized in Zakat collection and spending over the deserving people.

He lauded the efforts exerted by Zakat Fund to raise awareness of the importance of Zakat, urge its fulfillment and make available the modern technological means for facilitation of the same.

He also stressed that Methaq is keen on meeting its religious obligations, providing the due Zakat through the relevant official channels in UAE, in order for those channels to deliver the funds to those who deserve them in compliance with Zakat's spending guidelines, a responsibility that is shared between official bodies and all the establishments & companies within UAE.

"Zakat Fund is doing a remarkable role helping modest families and needy people within UAE; hence, Methaq Insurance Co.'s initiative to give a Dhs500,000 of the company's Zakat to the Fund had emerged in order to support and enhance the Fund's blessed efforts, and indicated that Methaq Takaful Insurance does quite understand the incumbent social responsibilities, where the company rushes to give the owed Zakat in addition to several other donations & aids delivered by Methaq in context of assumption of own social and consolidated responsibility towards the local and foreign humanitarian causes, support of social and humanitarian activity domains, and backing of the community development effort," said. Mr. Abdullah Al Maamarri.

Methaq Takaful Co. does currently provide nearly 30 Takaful insurance products for corporate and retail customers through a branch network - in addition to insurance brokers - along UAE cities, and does also develop other insurance products consistent with both Methaq's vision and philosophy that are based on excellence of performance and provision of modern insurance products which are compatible with Islamic Shariah, founded on solidarity, anti-risk and profit-sharing, and meeting the interests and needs of the customers.

AME Info
Methaq Takaful Insurance Co. - METHAQ
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | News Archive
Most Viewed Companies
Ticker Price Volume
TIRECO 44.09 225,804
SABIC 94.91 3,758,230
SAVOLA 67.34 734,561
RIBL 16.72 659,765
SAGRINSURANCE 28.92 220,118
MAZAYA 114 320,886
PETRORABIGH 21.7 1,907,414
Recent News

Abu Dhabi lenders’ earnings grow 11% in Q1
The total net earnings of Islamic and commercial banks in Abu Dhabi climbed 11.2 per cent in the first quarter of 2015 in year-on-year period, showing the strengthens of the flourishing banking secto

U.S. jobs data pin down dollar, euro hostage to Greek vote
The dollar fell against a basket of currencies on Friday, hurt by softer than expected U.S. employment data and with most investors staying on the sidelines before Greece’s weekend referendum on bail

Trillion-Dollar Stock Managers See Days of Chaos on Greek ‘No’
That’s the view of equity managers overseeing more than $3.7 trillion, who say the game of chicken between Greek Prime Minister Alexis Tsipras and creditors threatens lasting damage to a European sto

old rebounds as dollar dips, focus on Greek vote
Gold prices firmed on Friday, rebounding from a 3-1/2-month low as the dollar softened, while investors remained cautious ahead of Greece's referendum on an international bailout deal.

Liq

The Banker FT Names ADIB Best Islamic Bank in the UAE
Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services institution, has been named "Best Islamic Bank of the Year Award" for the UAE in 2015 by The Banker Magazine - a Financial Times p

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?