UAE-based Faraj Fund To Help 100 Inmates During Ramadan

A UAE-based fund has announced that it plans to assist 100 prison inmates during Ramadan.

Launched in 2009, the Faraj Fund has the stated aim of providing inmates and their families with assistance through debt relief, family support and airway ticket campaigns in a bid to give them a second chance.

To date, the fund has helped 11,154 inmates from more than 50 countries held in UAE prisons.

Nasser L’Khrebani Al Nuaimi, the chairman of the fund’s board, told the state-run WAM news agency that it will pay off the debts of 100 inmates during Ramadan.

Additionally, the fund will help 48 inmates during the UAE’s 48th National Day celebrations in December this year.

Al Nuaimi said that many of the prisoners assisted by the fund are facing difficult financial circumstances, as they previously relied on their families.

Through 2018, the Faraj Fund provided 1,800 prisoners with financial aid.

“We work to relieve the financial burdens these inmates face, by raising funds to eliminate outstanding debts that they are unable to settle while in prison,” he said.

The fund currently has five categories for those who need assistance: those struggling to repay loans and civil debts, those in need of airline tickets once deports, those who need to support families abroad, those struggling to pay compensation to victims or heirs in cases of murder, bodily harm of property damage, or those in need of help paying legal and court fees.

For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.

RECENT NEWS

UAE Targets Islamic Finance And Halal Industry Growth As Bank Deposits Hit $162bn And $86bn Export Target Set

The UAE has launched a bold national strategy to boost Islamic finance and halal industry growth Read more

IHC Launches AI-native Reinsurance Platform RIQ From Abu Dhabi With $1bn Backing

IHC launches RIQ, a next-gen AI-driven reinsurance platform based in Abu Dhabi’s ADGM, backed by $1bn and supported b... Read more

Qatar Tax Authority Extends Fine Waiver Until August 31

Qatar’s General Tax Authority extends its 100 per cent Financial Penalty Exemption Initiative Read more

OpenAI In Discussions With UAEs MGX, Saudis PIF For Its $40bn Funding

Founder Sam Altman has also approached Mukesh Ambani’s Reliance Industries, reports The Information Read more

Sharjah Islamic Bank Strengthens Capital With New Sukuk

This most recent transaction marks the fifth listing by the Bank on Nasdaq Dubai, raising its total listed value on the... Read more

Worlds First Machine Economy Freezone To Launch In UAE  

Pulsar Group and peaq unveil global first in UAE, setting the stage for decentralised, AI-powered smart cities Read more