Methaq Takaful donates Dhs500,000 to Zakat Fund


14/04/2011 00:00 AST  AME Info

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.

Methaq Takaful Insurance Co. - METHAQ
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | News Archive
Most Viewed Companies
Ticker Price Volume
STC 62.81 1,393,606
RJHI 58.81 4,910,546
SAGRINSURANCE 29.67 820,606
SABIC 83.17 4,753,589
ALMARAI 87.9 547,656
EMAAR 6.43 21,755,052
RIBL 17.06 1,748,610
Recent News

US index at peak, European stocks extend gains on Greece, Fed
European stocks extended gains for a sixth day to its highest level in seven years, and US indexes recovered to hit another record after Greece proposed a list of reforms to euro group and Federal Re

Afriland First Bank officially launches Islamic finance in Cameroon
At an event held at the Hilton Hotel in Yaounde, Cameroon, on 20 February, Afriland First Bank unveiled its suite of Islamic finance products.

For more than 10 years, First Bank has been a

Gold hits 3-1/2 week high
Gold hit a 3-1/2 week high on Thursday and silver rose nearly 3 percent as escalating tensions in the Middle East knocked stocks and the dollar and drove investors into assets viewed as lower risk, s

$67m compensation for Almarai
Saudi Arabia's Almarai, the Gulf's largest dairy company, received 250 million riyals ($66.7m) from an insurer in compensation for a fire at one of its bakeries, it said yesterday.

"This p

$205m raised from sukuk by HSBC unit
The Malaysian Islamic banking arm of HSBC Holdings has raised 750 million ringgit ($205m) from the sale of five-year Islamic bonds (sukuk) at a yield of 4.24 per cent, IFR reported yesterday.

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?