Sharjah Charity invests in a new AED 6.4 m project

Ali Mohammed Al Rashedi, Head of Resources and Investment Sector at the association, stated that investment buildings are a key element of the Association’s strategy to support sustainable charitable work. He noted the addition of a new project to their portfolio, which is expected to enhance the financial returns directed towards humanitarian projects and aid efforts. Al Rashedi explained that the financial returns from this project will play a significant role in achieving the Association's objectives in serving the community.

Al Rashidi emphasized that investment buildings symbolize a vital form of enduring charity and good deeds that continue to yield rewards indefinitely. These projects play a crucial role in bolstering the financial resources necessary to support humanitarian programs and initiatives aimed at assisting those in need. He noted that the financial returns from these buildings were estimated at AED 4.5 million last year, highlighting their significance as a key source of support for development projects and aid directed toward deserving groups. This approach ensures the sustainability of charitable efforts and their positive impact on the community.

Al Rashidi stressed that investment buildings play a crucial role in aligning with the principles of sustainability in charitable initiatives. By generating renewable financial returns that benefit a wide range of recipients, these investments strengthen the organization’s commitment to fulfilling its noble mission.

The SCI is actively pursuing its strategy to broaden its investment portfolio, showcasing its commitment to promoting a culture of charitable endowment. This approach aims to leverage resources for enhancing sustainable humanitarian efforts both domestically and internationally.