Dubai: The Rental Disputes Center (RDC), the legal division of Dubai Land Department (DLD), and Dubai Islamic Bank (DIB) have signed a memorandum of understanding (MoU). Under this agreement, DIB will provide financial assistance from its Zakat funds to the RDC, contributing to innovation and development in community initiatives.
DIB will extend financial support to the RDC for asset-based distribution to eligible individuals, as per the agreement. Furthermore, the bank will provide technical assistance, empowering the center to execute programs and projects stemming from this partnership.
Judge Abdulqader Mousa, Chairman of the RDC, remarked that, “as part of our commitment to enhancing partnerships that serve the community, particularly the deserving categories for financial support, we are pleased to enter into this collaboration with DIB. This collaboration will undoubtedly contribute to maximizing the societal impact of Zakat funds, innovating effective methods and approaches for their optimal distribution to beneficiaries, as well as supporting related projects.”
“This step reinforces the sustainable cooperation between Dubai’s government and banking sectors, embodying the emirate’s commitment to social work and achieving comprehensive development,” the Chairman added.
The partnership between the two entities entails the RDC reviewing humanitarian assistance requests forwarded by Dubai Islamic Bank. After conducting the required procedures to ascertain a case’s eligibility, the RDC will furnish the bank with a case report; it can also submit a support request for a new initiative.
As per the agreement, the Internal Sharia Supervisory Committee at the General Administration of the Rental Disputes Center in Dubai will be the authorized body for issuing Zakat fatwas and resolving Sharia-related issues between the parties.
Dubai Islamic Bank commits to innovating new methods to advance charitable and humanitarian efforts. The bank seeks to facilitate aid delivery to beneficiaries with ease, preserving their dignity and maximizing the impact on those in need.
Additionally, the bank endeavors to collaborate seamlessly with charitable and humanitarian institutions that share the same goals, especially those in Dubai. This includes building cooperative relationships, executing joint initiatives focused on charitable and humanitarian work, and striving to maximize societal impact.