Dubai Islamic Bank Commits AED11 Million to Support 'Dubai Schools' Project

Dubai Islamic Bank has signed a cooperation agreement with the Knowledge Fund Establishment to support the 'Dubai Schools' project with a pledge amounting to AED11 million.

The move seeks to help realise the goals of the Dubai Social Agenda 33 and Dubai Islamic Bank's Corporate Social Responsibility strategy, which is focused on supporting various national initiatives and programmes to serve the community.

His Excellency Abdulla Mohammed Al Awar, CEO of the Knowledge Fund Establishment, highlighted the Knowledge Fund Establishment's commitment to enhancing partnerships with various institutions and private sector entities in Dubai, in line with the emirate’s broader vision and strategy to strengthen the education sector and foster its growth. The Establishment is keen on encouraging both government and private sector entities to invest in nurturing future generations through supporting long-term educational initiatives, he said.

“The agreement we have signed with Dubai Islamic Bank will contribute to enhancing the position of the 'Dubai Schools' project as a world-class academic institution that offers high-quality education to its students,” he said.

Obaid Khalifa Al Shamsi, Chief Operating Officer at Dubai Islamic Bank, said:

“We are delighted to support the 'Dubai Schools' project and contribute to its goals of enhancing the skills, knowledge and capabilities of students. By equipping them with the appropriate tools, we help them keep pace with our thriving economic journey. Empowering them with knowledge enriches their lives and enables them to explore new global horizons and opportunities.”

Al Shamsi added:

“We are committed to supporting various educational, cultural, and qualitative initiatives and programmes that aim to enhance the well-being of society. Through our partnerships with the government sector, we aim to bolster our social contributions, ensuring that support reaches all members of the community.”

The 'Dubai Schools' project, initiated by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, establishes government-backed schools operated by private institutions, ensuring high-quality education for Emirati and international students at reasonable costs. Two schools opened in 2021, a third in 2022, with plans to expand capacity to 15,000 students by 2032/2033.

News Source: Dubai Media Office