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.
SABIC potential leader in emerging markets
A total of six global challengers from the Middle East are part of the Boston Consulting Group (BCG) 2014 list of 100 Global Challengers, an improvement from only four in last year’s list. Included i
UAE CB holds workshop on implementing FATF
The Central Bank of the UAE has recently held a workshop at the Central Bank branch in Dubai on “The Implementation of Forty Recommendations of the Financial Action Task Force (FATF) of 2012”.