FNC Stresses Need to Diversify Zakat Distribution Mechanisms, Waqf Investment Areas
Abu Dhabi: The Federal National Council (FNC), chaired by Saqr Ghobash, adopted several key recommendations during its 10th session of the second ordinary term of the 18th legislative chapter, held today at the Council’s headquarters in Abu Dhabi. The discussions focused on the government’s policy regarding the management and sustainability of waqf (endowment) and Zakat funds, and their role in enhancing societal welfare. FNC also addressed four questions to government representatives. The discussion was organised around two core themes: the sustainability of Zakat funds to improve the quality of life, and the management and investment of Waqf assets. According to