DIB allocates Dhs20m to assist the most vulnerable groups through Community Development Authority

Dubai Islamic Bank (DIB) has announced its commitment to allocate a total of Dhs20 million to support community development initiatives, with this funding being made available through the auspices of the Community Development Authority (CDA).

This contribution translates the bank's ongoing commitment to supporting social responsibility programmes and strengthening institutional partnerships with government entities with a view to establishing a sustainable support system that has a direct impact on the most vulnerable groups in society.

CDA confirmed that this donation would contribute to strengthening its resources, which is directed to eligible groups.

The proposed model of cooperation is predicated on the principles of transparency and a meticulous examination of the needs of the affected parties. This approach is intended to ensure the optimal allocation of Zakat funds in accordance with the provisions of Islamic Sharia.

Shaikha Al Jarman, the CEO of the Social Development Sector at CDA, said, "DIB's contributions are a clear example of the private sector's commitment to its social responsibilities, as well as its desire to support Dubai's social solidarity system. This partnership also enables the CDA to intervene swiftly to support the most vulnerable groups and improve their quality of life."

She added, "At the Community Development Authority, we are committed to conducting comprehensive assessments of cases to ensure that eligible groups benefit from Zakat funds in a way that achieves sufficiency and stability. This can be through direct financial support or by providing the means to empower and enable independence."