Endowments Office Takes Over Al-Sadd Building
The General Administration of Endowments at the Ministry of Endowments and Islamic Affairs has received an administrative building in the Sadeh area of Qatar. This building is considered an investment endowment aimed at generating sustainable returns to be allocated to the Endowment Fund for Benevolence and Piety. The building adds to the real estate assets managed by the ministry, and its rental income is dedicated to supporting charitable and benevolent activities in accordance with the wishes of the endower, while preserving the original endowment and ensuring the sustainability of its income. This type of real estate endowment enhances the ability of the endowment to achieve continuous resources that contribute to meeting community needs and develop sustainable endowment and Zakat systems. The endowment focuses on balancing the preservation of the principal with the ongoing benefit from its income, in order to achieve social and economic development goals and to support charitable and benevolent fields permanently.
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