Dubai: Dar Al Ber Society plans to annually contribute Dh500,000 to students of low-income families at the Ajman University of Science and Technology (AUST).

AUST, a 37-year-old university based in Ajman, is to cut academic fees by 20 per cent for the Society’s staff, their children, as well as financially disadvantaged students referred to study at AUST by the Society.

The move followed two agreements between the Dubai-based Society — one with Thamer Fund for Educational Solidarity (TFES), and another with AUST.

Under the deal, up to 10 per cent of the seats available in law, media, business administration, IT, education, and basic science courses will be made available to staff and their families.

The first memorandum of understanding was sealed by Abdullah Ali Bin Zayed, executive director of the Society; and Abdullah Al Mazroui, chairman, TFES. The second memorandum was inked by Dr Khalid Al Khaja, president, AUST; and Khalid Abdul Wahhab of the Ajman branch of the Society.

“Cutting their academic fees will reduce the financial burden on their low-income families,” Al Mazroui said, underlining the value to be found in such an agreement for the benefit of students.

Both sides have agreed to co-sponsor scientific conferences and seminars on the charitable and humanitarian practices and other matters of relevance, according to Bin Zayed. “We will also exchange researches and studies on charity investment and alms management,” Bin Zayed said. Bin Zayed clarified that such an exchange will encourage further cooperation between the two sides, and will spur productive re-evaluation and assessment.