Tag Archives: UAE

New Program Can Help Martyr’s Families

When it comes to economical help, martyr’s families don’t have many opportunities available for financial assistance but with the launch of a new program, many families may be able to see stable ground. The Khalifa Fund for Enterprise Development launched the “Awnak” financing program specifically geared for families of martyrs. This program will help financially support these families to enable them to find stable sources of income through Awnak resources.

The launch of the program occurred just as the UAE announced November 30th will be marked as Martyr’s Day, which is to commemorate the UAE’s fallen heroes. Martyr’s Day is already recognized and honored in other countries which spurred the President to decree the national day to honor all those who gave their lives in civil, military and humanitarian fields. The term is of a religious origin that predates Islam and historically speaking, one of the first martyrs is to be Jesus, also known as Issa in Islam.

At any rate, this new program is said to be a part of Khalifa Fund’s efforts to return the favor of those who sacrificed their lives for the country according to chairman Hussain Al Nowais. It’s aimed to enable the children and families of martyr’s to have sources of income and a push to contribute to the economic development in the UAE.

Awnak will provide numerous financial facilities, resources and a series of services that’ll give applicants an exemption from payments that are included in various programs offered by the fund. Additionally, the beneficiaries of the program will be exempted from bank fees, fees from paid training and consultation sessions that will be covered by the Khalifa Fund for Enterprise Development. Some of those trainings mentioned will include sessions that cover accounting and budget preparation, which will help those in the program learn responsible money managing skills.

Those in the program will also continue to receive support from Al Nowais throughout the steps of financing and until the project is fully launched so they have an understanding of how it works.