Awqaf and Minor Affairs Foundation (AMAF) and Khalaf Ahmed Al Habtour Foundation (KAHF) signed an awqaf investment partnership contract over the construction of a charity endowment building, according to WAM news agency on Thursday.
The endowment building is a- four-storey- commercial residential development to be built on a – 5,433 square- foot land plot in Dubai’s Al Bada area at a cost of AED 8mn; and all proceeds will be transfered to the AMAF’s Umom Al Kheir Bank.