Dar Al Ber Society has obtained the ISO (55001:2014) Asset Management System, making it the first charitable organisation in the Middle East to receive a Global Asset Management Certificate from the Lloyd’s Register – Dubai branch.
The Society received the certificate for the global administrative system, in regards to the field of managing the endowment assets and properties of the society in the UAE. These include buildings, equipment, development and recruitment devices, in order to enhance its charitable, humanitarian and cultural work. It is the most widely used global standard among asset management systems.
This is in accordance to its integrated work system that seeks to achieve institutional excellence and leadership by reviewing the performance of assets, processes, and procedures, managing and reducing risks related to assets and property, identifying possible opportunities to increase the value of assets, and reducing costs, all by adhering to the standards and policies of asset management.
Muhammad Suhail Al Muhairi, Executive Director of Dar Al Ber, received the certificate at the society’s headquarters from Ayman Koteli, Director of Business Development in the Middle East, Africa and India.
Dar Al Ber went through extensive evaluation stages by the certification body, which included an in-depth analysis of the overall asset management processes and an assessment of the extent of their compliance with the certification requirements and standards, which resulted in obtaining the Global Asset Management System certification.
Al Muhairi, stressed the importance of this achievement, noting that the Society, since its inception at the end of the seventies, has been keen to be at the forefront of charitable institutions in the country by applying the best administrative systems recognised globally, and this is what has been achieved, thanks to Allah firstly, then the support of our wise leadership that always encourages the relentless pursuit of excellence and institutional leadership.
Al Muhairi added, “The granting of this prestigious certification comes as the culmination of years of continuous work and the collective efforts and spirit of unified teamwork by the employees in the Society, stressing that obtaining the ISO certificate requires us to strive and work hard with the aim of continuous development and achievement in fulfilment of the vision and strategy of Dar Al Ber.”