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Friday, October 31, 2014  

Develop new ways to invest endowments, says Salmi
MUSCAT The Awqaf and Religious Affairs has referred to the importance of improving and developing methods of endowment investments through scientific studies and take advantage of Islamic banks in the Sultanate to find new funding sources consistent with the Islamic law and open partnership with other government agencies to develop endowments to benefit everybody.  

HE Sheikh Abdullah Bin Mohammad Al Salmi, Minister of Awqaf and Religious Affairs, said new ways have to be found to invest endowments to ensure high dividends and not merely follow old formulas. He also said that legitimate aspects should also be taken into account.

Addressing the weekly meeting, Salmi stressed the need to use modern technologies that serve the endowment and charitable side as Zakat, Sadaqah and charity to be accessible and easy for everyone who wants to endow, donate Zakat or Sadaqa and cooperation with Islamic banks in this regard, upgrade the endowments and charity to play its role in serving the community members of various groups.  

Sulaiman Bin Hamad Al Harthy, Director-General of Methaq Islamic banking at bank muscat gave a presentation on possible cooperation with Islamic banks in serving the community and facilitating ways of doing goodness.  

Dr Abdulrahman Bin Sulaiman Al Salmi, Editor-in-Chief of Tafahim  

(Understanding) magazine gave a presentation on the strategic plan for the work of the Ministry of Awqaf and Religious Affairs, which aims at assessing the progress of the work of the ministry, revising the methodology applied and the system in place in all areas to upgrade the managerial and technical performance and develop work product to improve current and future work.  

HE Dr Mohammad Bin Said Al Ma’amary, Scientific Adviser at the Office of the Minister of Awqaf and Religious Affairs gave a presentation on religious tolerance exhibition in Oman, which arrived at its 22nd destination. The presentation reviewed the exhibition progress and its objectives, contents and achievements.  

It was attended by HE Ahmed Bin Saud Al Siyabi, Secretary-General of the Ifta Office, advisers, directors-general and directors of departments in the Ministry of Awqaf and Religious Affairs

Oman News Agency
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