About the official sponsor of the award
Endowment (Waqf) is a prophetic tradition and a defining hallmark in the history of Islamic civilization. It has proven its vital role and standing in the fields of education, health, and cultural and social welfare in its various forms. To this day, mosques, schools, institutes, and hospitals stand as living testimony to the greatness and importance of endowment throughout our illustrious history.
Within this context of generosity and humanitarian outreach, the AWQAF – General Directorate of Endowments aims to manage and invest endowment funds on sound economic principles, in accordance with Sharia guidelines, to ensure their growth and the fulfillment of the endowers' stipulations. Endowments are regarded as one of the most important civil society institutions, whether in terms of their origin, longevity, or the mandates entrusted to them.
As part of the contemporary Waqf renaissance, the scope of endowments has been broadened and their disbursement channels diversified through the establishment of six Endowment Banks covering various aspects of cultural, educational, health, and social life. This initiative encourages and guides philanthropists to direct their funds toward charitable development projects, organizing the channels of disbursement and spending to contribute to building a civilized Islamic society.
Driven by a profound belief in the role of Sharia sciences, Islamic culture in particular, and applied sciences in general in the progress and advancement of the nation, the "Endowment Bank for Academic and Cultural Development" was established to serve as a rich wellspring of cultural and scholarly contribution. Endowment has played a significant historical role in energizing the academic and cultural movement through the establishment of schools, libraries, institutes, and more — creating a civilization from which all of humanity has benefited.