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Makkah land owners wait for $7.9bn reimbursementsSaudi Arabia’s Endowments Committee at the Makkah Chamber of Commerce owes more than SR30 billion ($7.9 billion) in reimbursements to owners of appropriated lands for expansion project in Makkah, according to a report. More… |
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Dubai seeks global support for awqaf reformsDubai is in talks with Islamic endowments in countries as far afield as South Africa and New Zealand to promote its drive for the industry to become more efficient and profit-oriented, a government official said. Islamic endowment More… |
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$105bn Waqf sector 'can boost Islamic finance'Shari’a compliant philanthropy, or planned giving, is on the rise with the Waqf sector (Islamic endowment) estimated at around $105 billion globally, according to research conducted recently by Ernst & Young on the sector. Ashar Nazim, More… |
