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May 2025

UAE: JV formed to tap Islamic endowment funds

Source: Middle East Insurance Review | Apr 2013

Awqaf and Minors Affairs Foundation (AMAF) and Noor Investment Group have signed a MoU to establish an asset management firm with a paid-up capital of AED10 million (US$2.7 million) to manage Awqaf (Islamic endowment) funds.

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