The Faraj Fund has aided in the release of 2,085 inmates between May 2009 and last month, said Maj Gen Nasser Al Nuaimi, chairman of the fund.
Of those released, 105 were Emirati.
The fund also assisted 264 families, of whom 259 were Emirati, in the first eight months of this year.
Gen Al Nuaimi said financial assistance by the Faraj Fund to the welfare of inmates was Dh45.5 million.
Dh44.7m of that was used for settling the inmates’ debts and buying tickets for those who were deported.
newsdesk@thenational.ae
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Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
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Women%E2%80%99s%20T20%20World%20Cup%20Qualifier
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RESULT
Liverpool 4 Southampton 0
Jota (2', 32')
Thiago (37')
Van Dijk (52')
Man of the match: Diogo Jota (Liverpool)
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It conducts electricity better than any other material at room temperature.
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Graphene can also detect cancer cells in the early stages of the disease.
The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.
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