Awqaf Abu Dhabi has announced the establishment of Awqaf Capital, a strategic initiative designed to enhance Abu Dhabi’s position as a global financial hub.
Awqaf Capital aims to leverage endowments as engines of growth, deploying capital across multiple asset classes to generate sustainable financial returns while fostering societal impact. Highlighting global benchmarks, HE Fahad Abdul Qader Al Qassim, Director General of the Endowments and Minors Funds Authority (Awqaf Abu Dhabi) referenced the $691 billion in US university endowments as of 2021, with Harvard University’s endowment of $53 billion generating approximately $2 billion annually.
“These funds are not just financial safety nets; they are engines of growth that continuously fund research, infrastructure and community development,” he said, emphasising the role of endowments in health and education sectors. The global impact investing market, valued at over $1 trillion in 2022, is expected to grow at a double-digit compound annual rate until 2030, providing Awqaf Capital with significant opportunities for expansion.
“Through Awqaf Capital, we’re creating new pathways for capital deployment that benefit both investors and the broader economy. Our investment approach reflects the dynamism of Abu Dhabi’s economy – agile, forward-looking and built for sustained success,” Al Qassim added.
Investment strategy
Awqaf Capital’s strategy focuses on integrating diverse asset classes, aligning investments with market demands and adhering to global best practices in sustainable value creation. The initiative will prioritise sectors driving the future economy while ensuring resilient portfolios capable of delivering consistent returns across market cycles.
The institution also aims to generate social impact through initiatives such as educational scholarships, healthcare services and social welfare programs. “For businesses, this means partnering with projects that promote economic growth and social impact, while also benefiting from the stable, long-term returns that endowments consistently provide,” said Al Qassim.
Established in 2023 under the leadership of UAE President HH Sheikh Mohamed bin Zayed Al Nahyan, Awqaf Abu Dhabi has set out to transform endowment management into a driver of social, economic, and environmental progress.
“Our leadership and government bodies are fully committed to improving the well-being and quality of life for all members of society. At Awqaf Abu Dhabi, we are committed to the same vision – to serve as a partner in the progress of our nation and to promote the well-being of all members of the community,” Al Qassim said.
