Dubai Islamic Bank Invests Dh11 Million In Dubai Schools Project

Dubai Islamic Bank has recently entered into a notable agreement with the Knowledge Fund Establishment, committing Dh11 million to the 'Dubai Schools' project. This initiative underscores the bank's dedication to fostering the aims of the Dubai Social Agenda 33 alongside its own Corporate Social Responsibility strategy. The strategy prominently features supporting a variety of national initiatives and programmes designed to serve and uplift the community.

This collaboration is directly aligned with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE, and Ruler of Dubai, aimed at bolstering public-private sector partnerships. It also mirrors the directives of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, focusing on investing in the education sector and nurturing a generation excelling in various domains.

The ceremony confirming this partnership was hosted at Dubai Islamic Bank's headquarters, witnessed by Abdulla Mohammed Al Awar, CEO of the Knowledge Fund Establishment; Obaid Khalifa Al Shamsi, Chief Operating Officer at Dubai Islamic Bank, along with other dignitaries from both organizations.

Abdulla Mohammed Al Awar emphasized the Knowledge Fund Establishment's dedication to enhancing partnerships across different sectors in Dubai. This effort aligns with the emirate's broader vision to fortify the education sector's growth. The Fund is eager to foster investments in education from both governmental and private sectors, aimed at supporting long-term educational initiatives vital for the development of future generations.

"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," stated Al Awar.

Obaid Khalifa Al Shamsi expressed enthusiasm for supporting the 'Dubai Schools' project, emphasizing the initiative's role in enhancing students' skills, knowledge, and capabilities. "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 noted.

Al Shamsi further highlighted Dubai Islamic Bank's commitment to supporting various educational, cultural, and qualitative initiatives that aim to enhance societal well-being. Through government partnerships, the bank seeks to bolster its social contributions, ensuring comprehensive community support.

The 'Dubai Schools' project, initiated by the Dubai government and managed by the private sector, adheres to the highest international standards. Its objective is to provide both Emirati and international students with high-quality, affordable education, positioning Dubai as a global benchmark in outstanding education. Launched by Sheikh Hamdan in March 2021, the project saw its first two schools open in September 2021 in Mirdif and Al Barsha. A third school was inaugurated in the Nad Al Sheba area in 2022, with student enrolment surpassing 2,500. The Dubai government's vision includes expanding this project to accommodate up to 15,000 students by the academic year 2032/2033.