Dubai Islamic Bank Pledges AED11 Million to Support ‘Dubai Schools’ Project
Dubai Islamic Bank has recently signed a cooperation agreement with the Knowledge Fund Establishment to support the ‘Dubai Schools’ project with a generous pledge amounting to AED11 million. This move is aimed at helping achieve the goals of the Dubai Social Agenda 33 and Dubai Islamic Bank’s Corporate Social Responsibility strategy, which focuses on supporting various national initiatives and programs to serve the community.
The signing of this agreement is in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to strengthen public-private sector partnerships. It also reflects the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, to invest in education and nurture future generations distinguished in all fields.
The agreement was signed at the headquarters of Dubai Islamic Bank in the presence of His Excellency Abdulla Mohammed Al Awar, CEO of the Knowledge Fund Establishment; Obaid Khalifa Al Shamsi, Chief Operating Officer at Dubai Islamic Bank, and a number of officials from both entities.
His Excellency Abdulla Mohammed Al Awar emphasized the Knowledge Fund Establishment’s commitment to enhancing partnerships with various institutions and private sector entities in Dubai to strengthen the education sector and foster its growth. The Establishment aims to encourage both government and private sector entities to invest in nurturing future generations through supporting long-term educational initiatives.
Obaid Khalifa Al Shamsi expressed his delight in supporting the ‘Dubai Schools’ project and contributing to its goals of enhancing the skills, knowledge, and capabilities of students. By equipping students with the appropriate tools, Dubai Islamic Bank aims to help them keep pace with the thriving economic journey of the region.
As part of the ‘Dubai Schools’ project, schools are established by the Dubai government and operated by a private sector institution. The project ensures that both Emirati students and students of diverse nationalities receive high-quality education at an affordable cost, aligning with Dubai’s vision of delivering outstanding education in line with global benchmarks.
HH Sheikh Hamdan bin Mohammed announced the ‘Dubai Schools’ project in March 2021, with two schools launched in September 2021 and a third school opened in 2022. The Dubai government aims to increase the capacity to accommodate up to 15,000 students by the academic year 2032/2033 through expanding the project.
The partnership between Dubai Islamic Bank and the Knowledge Fund Establishment signifies a significant step towards enhancing education and empowering future generations in Dubai. This collaboration reflects a shared commitment to supporting educational initiatives that benefit the community and contribute to the overall development of the region.