Dubai-Mubasher: The value of assets allocated by individuals and institutions in Mohammed Bin Rashid Global Centre for Awqaf and Endowment reached AED 6.3 billion ($1.7 billion) after a month from launching the global consulting Awqaf foundation on 22 Mrach.

An annual return of AED 503 million will be generated from these assets, Mohammed Bin Rashid said on his twitter account, adding that that the return will be earmarked into the fields of knowledge, health, and support those in need.