Sharjah Allocates Dh75 Million for Debt Settlement, Supporting 158 Citizens in Financial Need

In a significant move to ease the financial burdens of citizens, the Sharjah Debt Settlement Committee has allocated a sum of Dh75,261,000 to settle the debts of 158 individuals. This initiative, in line with the directives of His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, seeks to support a dignified and stable life for residents by relieving them of financial hardship.

The Committee’s 27th Instalment of Support

Rashid Ahmed bin Al Sheikh, Head of the Sharjah Ruler’s Court (Amiri Diwan) and Chairman of the Sharjah Debt Settlement Committee, made the announcement on Tuesday during an episode of the ‘Direct Line’ programme broadcasted on Sharjah TV and Radio. He detailed that the Committee approved this substantial amount for the 27th instalment, helping resolve the debts of individuals facing a variety of financial difficulties, including those convicted in financial cases and the families of deceased insolvents.

The Committee has been dedicated to resolving the financial challenges of citizens, a mission driven by the Sharjah Ruler’s ongoing commitment to his people’s wellbeing. Al Sheikh explained that the Dh75 million allocation is part of an overarching effort to address financial instability and ensure that individuals in Sharjah are supported in their times of need.

A Longstanding Commitment to Financial Stability

This recent instalment brings the total funds disbursed by the Sharjah Debt Settlement Committee to more than Dh1.2 billion since its inception. Over 2,500 people have benefited from the initiative, with the Committee approving financial assistance for a range of cases, from individuals struggling with debt to families burdened by the financial liabilities of deceased relatives.

This funding initiative not only helps individuals clear their debts but also provides a fresh start for families who have been financially burdened due to unforeseen circumstances. By supporting these citizens, the Sharjah Ruler reaffirms his commitment to ensuring that financial instability does not hinder the wellbeing of the emirate's residents.

Extending Support Beyond Debt Relief

The Sharjah Debt Settlement Committee’s work is part of a broader vision to uplift citizens and enhance their quality of life. Over the years, the Committee has received thousands of cases, reviewing each one carefully to determine how best to provide assistance. This structured approach ensures that aid reaches those who need it most, including individuals facing financial legal challenges or those unable to pay debts following the loss of a loved one.

The cumulative efforts of the Committee reflect the Sharjah Ruler’s vision of fostering a stable, prosperous, and compassionate community. His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi has consistently emphasized the importance of social welfare, particularly for citizens who find themselves in difficult financial circumstances. The Dh75 million fund is a testament to his dedication to supporting his people through effective and targeted financial assistance.

Public Reaction and Importance of Debt Settlement

The Debt Settlement Committee’s initiatives have garnered positive reactions from residents and citizens alike, who recognize the importance of debt relief in supporting families and individuals in need. By addressing these financial issues, the Committee not only provides economic stability but also reduces the psychological and social strain associated with debt.

This financial aid also has wider implications for Sharjah’s economy, as debt-free citizens are better able to contribute to the community and engage in economic activities without the burden of unresolved financial obligations.

Moving Towards a Debt-Free Future

The Sharjah Debt Settlement Committee’s work marks an important step towards fostering a supportive and resilient society, where citizens are not held back by debt. The Committee’s ongoing efforts to alleviate financial stress and prevent legal consequences related to unpaid debts highlight the UAE’s commitment to social support and financial responsibility.

In summary, the Dh75 million fund dedicated by the Sharjah Debt Settlement Committee reflects the Ruler’s proactive approach to ensuring the financial health and dignity of Sharjah’s citizens. With each instalment, the Committee continues to build a community where residents are supported in times of financial need, reinforcing the vision of a prosperous and inclusive society for all.