Mohammed Abdullah Al-Harami, Director of the Investment Department at the General Directorate of Endowments
Doha, Qatar: The General Directorate of Endowments at the Ministry of Awqaf and Islamic Affairs has received a new investment endowment consisting of 24,490 shares in Mesaieed Petrochemical Holding Company, donated by a benefactor under the supervision of the directorate.
The returns from the shares will be allocated to support the Waqf Fund for Righteousness and Piety, which funds charitable and humanitarian initiatives.
This endowment reflects a growing trend toward utilizing productive investment assets to support the endowment sector and enhance its capacity to generate sustainable financial resources that serve various charitable causes.
The contribution also highlights the increasing role of financial assets as tools for strengthening the waqf system. Shares listed on the Qatar Stock Exchange provide opportunities to benefit from annual dividends and investment returns, which can be directed to designated waqf funds according to donors’ conditions while preserving and growing the original asset over the long term.
According to records of the General Directorate of Endowments, this is the first endowment made by the donor, marking the beginning of their participation in institutional charitable work through a productive investment asset that contributes to strengthening waqf resources. The initiative reflects growing awareness of the role of endowments as an organized mechanism capable of creating sustainable social impact over time.
The endowment also illustrates the evolving nature of the waqf sector, which is increasingly benefiting from modern economic and financial instruments. Waqf contributions are no longer limited to cash or real estate but now include financial assets and diversified investments that enhance the efficiency of endowment asset management and increase returns.
Commenting on the development, Mohammed Abdullah Al-Harami, Director of the Investment Department at the General Directorate of Endowments, said that the inclusion of shares among waqf assets reflects the advancement of endowment investment strategies and their ability to benefit from opportunities in financial markets.
He emphasised that diversifying investment tools strengthens the resilience of the endowment portfolio. The Investment Department manages waqf assets through clear policies that distribute investments across multiple sectors, ensuring a balance between preserving capital and generating sustainable returns to support endowment funds.
Al-Harami added that financial assets listed on markets allow for continuous monitoring of investment performance, helping improve the efficiency of managing waqf portfolios and maximizing the benefits of returns to support community programs and initiatives.
He also noted that the General Directorate of Endowments is committed to employing investment tools that comply with Sharia principles and professional standards, ensuring the best possible outcomes for waqf assets while maintaining stability and sustainability. The proceeds from the endowment will support the Waqf Bank for Righteousness and Piety, which channels waqf revenues into a variety of charitable activities, including social and humanitarian initiatives that strengthen community solidarity and support those in need.
