IFA Department Participates in WAQF Forum
IFA Department Participates in WAQF Forum28/2/2017
The Ministry of Health ( MOH) represented by the department of Investment & Financing Alternatives (IFA) participated recently in the first Islamic Finance & Social Investment ‘WAQF’ Forum that was held under the auspices of H.E. Skeikh Khalid Omar Al Marhoon, Minister of Civil Service at Shangri-La Barr Al Jissah hotel. The forum witnessed a vast presence of experts and specialists in the Islamic Banking and Endowment ‘Waqf” from the Sultanate and abroad.
Dr. Halima Qalam Al Hanai, Director of IFA presented a working paper marking the importance of promoting Health Endowment among individuals regarding it as a sustainable mechanism for funding health services. Dr. Al Hanai pointed out that the MOH has introduced Health Waqf within its vision plans as one of financing alternatives in the way forward improving and supporting the provided health services. Under the challenges facing the Ministry that represent in the constant growth and increasing population in the Sultanate as well as the rising cost of some types of pharmaceuticals and medical equipment, section for health endowment in the IFA Department has been designated to be concerned with this field.