The Endowments and Minors’ Funds Authority (Awqaf Abu Dhabi) has signed two Memorandums of Understanding (MoUs) with Abu Dhabi Islamic Bank (ADIB) to enhance cooperation in developing the endowment ecosystem.
The agreements were signed by Mohamed Abdelbary, Group Chief Executive Officer of ADIB, and H.E. Fahad Abdulqader Al Qassim, Director General of Awqaf Abu Dhabi, during an official ceremony held in Abu Dhabi.
Through this partnership, Awqaf Abu Dhabi and ADIB are introducing an integrated framework that supports licensed endowment entities across the Emirate, including endowment companies, institutions, real estate units, farms, and other certified endowment structures.
The collaboration enables these entities to open dedicated, independent bank accounts with ADIB and access a tailored package of preferential Sharia-compliant banking services that facilitate the effective, accountable, and sustainable management of endowment funds.
Under the agreed framework, ADIB will provide Sharia-compliant banking solutions to endowment entities regulated by Awqaf Abu Dhabi, offering access to ADIB online banking services, collection & payment solutions, payroll services, and account management tools designed to enhance financial transparency and operational efficiency.
In support of Awqaf Abu Dhabi’s mission to expand impactful and accessible giving, the partnership also enables members of the public to contribute directly to a range of approved endowment portfolios through ADIB’s mobile and online banking platforms.
This initiative enables customers to contribute directly to six different endowment programs managed by Awqaf Abu Dhabi, including healthcare, education, social welfare, and Islamic affairs. By integrating these services within ADIB’s digital channels, the initiative makes it easier and more convenient for the community to participate in charitable giving and support endowment projects that advance social development.
Fahad Al Qassim Director General Awqaf Abu Dhabi
“We aim to develop an advanced and trustworthy endowment ecosystem that serves society with transparency, efficiency and compassion. This partnership will support facilitating independent banking solutions for endowment entities and enabling secure digital giving channels, strengthening the foundations of sustainable philanthropy in Abu Dhabi. Every contribution is safeguarded, governed and directed to where it can deliver real, lasting impact for our community.”
Mohamed Abdelbary, Group Chief Executive Officer of Abu Dhabi Islamic Bank, said that, “Our partnership with Awqaf Abu Dhabi reflects ADIB’s ongoing commitment to supporting the UAE’s endowment sector and enabling greater community participation through innovation and digitalization. By introducing seamless digital contribution channels and empowering endowment entities with enhanced banking services, we are advancing financial inclusion while reinforcing our shared values of transparency, governance, and social responsibility.”
The partnership framework reinforces Awqaf Abu Dhabi’s supervisory and regulatory role by providing structured mechanisms for oversight, while advancing the authority’s broader vision to position Abu Dhabi as a regional hub for innovative and transparent endowment models.
By working with leading national financial institutions such as ADIB, Awqaf Abu Dhabi continues to build a resilient, inclusive, and well-governed ecosystem where endowments contribute meaningfully to social welfare, healthcare, education, and community development.
