Mohammed Abdullah Al Harmi, 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 announced the registration of a new investment endowment consisting of 819,184 shares in several companies listed on the Qatar Stock Exchange.
They are donated by two benefactors under the supervision of the Directorate as part of ongoing efforts to support and expand endowment activities in Qatar.
According to the endowment conditions set by the donors, returns generated from the shares will be directed toward supporting Qatari citizens, in addition to the “Waqf Al-Wuquf” endowment under the Waqf Fund for Righteousness and Piety. The initiative aims to broaden charitable activities and strengthen sustainable endowment resources through productive investment assets.
The Directorate revealed that one of the benefactors had previously donated shares as part of earlier endowment initiatives, reflecting continued commitment to investment endowments and growing awareness of the importance of utilizing financial assets to support institutional charitable work.
Officials noted that share endowments represent one of the modern forms of waqf that contribute to the development of sustainable endowment resources by utilizing investment returns from financial assets. Such initiatives enhance the ability of endowment funds to finance community projects and social initiatives on a long-term basis.
Speaking on the occasion, Mohammed Abdullah Al Harmi, Director of the Investment Department at the General Directorate of Endowments, said that investment endowments based on shares constitute an important avenue for developing the waqf sector by diversifying endowment assets and improving the efficiency of investment return management.
He added that directing endowment contributions toward companies listed on the Qatar Stock Exchange allows benefactors to benefit from investment opportunities available in the local market while strengthening the financial sustainability of endowment funds and enhancing their ability to support priority community projects.
Al Harmi explained that the General Directorate of Endowments manages endowment assets according to carefully designed investment policies that comply with Sharia principles and professional standards, ensuring the preservation of assets, growth of returns, and accurate implementation of donors’ conditions.
He further noted that the “Waqf Al-Wuquf” initiative aligns with Qatar National Vision 2030 by promoting comprehensive economic and social development through responsible investment projects that contribute to community service and sustainable development.
According to Al Harmi, the increasing interest in investment endowments reflects growing public awareness of the importance of transforming financial assets into long-term resources capable of generating sustainable social impact.
